TempoCap

TempoCap focuses entirely on direct secondaries — buying existing shares in individual companies from founders, employees, or early investors — rather than acquiring limited partner interests in venture capital funds. This means TempoCap selects specific company exposures, negotiates directly with selling shareholders, and typically targets later-stage, venture-backed European tech businesses with established revenues. Most secondary funds operate in the LP-led or GP-led fund-restructuring market, making TempoCap's pure direct-secondary mandate unusual in Europe.

TempoCap targets later-stage, venture-backed European technology companies, primarily in enterprise software, fintech, digital health, and cybersecurity. The firm typically requires companies to have at least €10 million in annual recurring revenue and a proven business model. Past portfolio companies have included Trustpilot, Algolia, and Catawiki — businesses that had outgrown their early funding rounds but had not yet pursued an IPO or trade sale when TempoCap acquired its stakes.

TempoCap was founded in 2012 by Pierre Suhrcke and Olafur Gislason, both former executives at the European Investment Fund, where they gained deep exposure to European venture capital and private equity. Their EIF experience gave them insight into the fragmentation of European venture secondary markets and the lack of dedicated liquidity providers for direct company stakes — a structural problem TempoCap was built to address.

TempoCap invests across Europe, with active deal sourcing and portfolio companies concentrated in the UK, Germany, France, the Nordics, and the Benelux region. The firm is headquartered in London.

TempoCap typically writes equity cheques between €5 million and €30 million per transaction, acquiring direct secondary stakes from existing shareholders in its target companies. The exact size depends on the selling stake, the company's stage, and TempoCap's desired position sizing within its fund portfolio.