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Startup fundraising consultant The round, run end to end.

We act as startup fundraising consultant for venture-backed and founder-owned companies, raising equity and growth capital from institutional investors.

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Startups our fundraising consultants have worked with

Ventures and scale-ups we have represented on a priced round or a growth capital raise.

PopMeals logo
“The outreach generated 44 investor meetings and saved me countless hours of unqualified calls.”
Jonathan Weins, Founder and CEO of PopMeals, a spectup investor outreach client Jonathan WeinsFounder and CEO, PopMeals
$18MRaise
44Investor meetings
Series BRound

Investors we booked meetings with, including

Collaborative FundSandbox IndustriesAlpha JWCSeaya VCTau VenturesLeverVCGTM FundSparkLabs

See the transaction
be logo be
CreatorIQ logo CreatorIQ
PopMeals logo PopMeals
GORD logo GORD
KLAYD logo KLAYD
OnePulse logo OnePulse
BREATHE logo BREATHE
Perplexity logo Perplexity
Viktor AI logo Viktor AI
Lane Health logo Lane Health
Imperative VC logo Imperative VC
+150 more
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Rounds we have raised

Every number here comes out of a round we closed.

Sincespectup founded in Berlin2022
Raisedcapital for startups, companies and funds$120M+
Largest single roundplaced on one mandate£100M
Investor and LP relationshipsevery one from a closed transaction440+
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Founders we will run a round for

Three company types, and the round each one is actually raising. The stage decides the investor list, the materials and the timeline.

[01]
Bootstrapped

First institutional round

Profitable or close to it, no institutional money on the cap table yet. The round has to be structured so control stays where it is.

[02]
Early-stage

Late seed to Series A

First revenue and a metric that is starting to compound. The work is a target list of funds that write at this stage and a story that survives a partner meeting.

[03]
Scale-ups

Series B to Series D

Growth is proven and the round is larger than the existing syndicate can carry. Growth funds, crossover investors and strategics, approached in parallel.

One 30-minute call tells you whether the round clears at that size and which investors would lead it.

Discuss your raise
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Rounds we say no to, and why

A raise is five to eight months of one desk's attention, so we take a small number of startups at a time.

We take the mandate We pass×

A startup with revenue, a round the market can price, and metrics an investor can diligence.

Pre-product with no revenue. That is angel and pre-seed work, and another firm does it better.

A scale-up with a defined use of proceeds and a plan the next round can be raised against.

No defined use of proceeds. If the round has no shape, no investor gives it one.

A founder-owned company with a board-approved raise and a reason for the timing.

A round that has to close in weeks. We would be taking a fee to fail.

A round where we represent the company and nobody on the other side.

A handful of warm intros. We run the round, we are not a contact list.

Enough runway left to run a real process.

Both sides of the same transaction. We are engaged by one side and paid by that side only.

Not sure where your round sits? The first call settles it.

Discuss your raise
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What a startup fundraising consultant does that you cannot do alone

Four phases, and the document, list or signature you hold at the end of each one.

01/ 04
Investor strategy Investor readiness Investor outreach Diligence and negotiation support
01

Investor strategy

Round size, instrument, dilution and the investor profile that clears it, plus the valuation range the market will support.

You holdA round plan and a defensible valuation range
02

Investor readiness

Investor deck, financial model, metrics pack and data room, built to the standard a fund diligences against.

You holdA deck, model and data room a fund can diligence
03

Investor outreach

Named target list, warm introductions and signal-triggered outbound across venture funds, growth funds, family offices and strategic investors.

You holdA named target list and a live pipeline
04

Diligence and negotiation support

Investor Q and A, meeting preparation, term sheet review and negotiation support through to signing.

You holdSigned financing documents

All four are scoped, priced and dated in the engagement letter before any work starts.

A financial district at dusk
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How our startup fundraising consultant work runs, from first call to money in the bank

Drawn to scale on a twelve-month axis, so you can see where the time in a raise actually goes. The stages overlap, because in a live round they do.

  1. 01Align Week 1 Signed engagement, round parameters
  2. 02Build Weeks 2 to 3 Narrative, comparables, a defensible range
  3. 03Target Weeks 3 to 5 Deck, model, data room, named investor list
  4. 04Outreach Week 5 onward Warm introductions, signal-triggered outbound
  5. 05Engage Month 4 to 12 Term sheet, diligence, signed docs

Typical raises run five to eight months from engagement to close. Scheduling and meeting management inside step 04 run as an investor roadshow.

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What a startup fundraising consultant costs

Monthly fee+Success fee

Kickoff Close
Mandate term

Six monthly fees while the round runs, then one success fee on capital raised.

01 The monthly fee

Round management, materials and investor outreach. Flat every month, because the work is.

02 The success fee

A percentage of capital raised, capped in the engagement letter. Paid only on money that lands.

We do not work on a success fee alone. Investor appetite, timing and your own numbers all move the outcome, so the monthly fee covers the work and the capped success fee covers the result. No equity, and no rate card: you have both figures in writing after the first call.

Get a written proposal
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Three ways to run a startup round, and what each costs you

A fundraising consultant, a fundraising agency, or your own team. These are structural differences between the models, so you can see which one fits everything.

 
spectup
A fundraising agency
In-house
Who runs the round
spectupThe partner on your first call runs your round.
Fundraising agencyA salesperson wins it. A junior team sends the outreach.
In-houseYour founders and CFO, alongside running the company.
Stage it suits
spectupStartups and scale-ups with revenue and a round the market can price.
Fundraising agencyAny stage, pre-revenue included, priced on volume.
In-houseAny size, until the investor list runs out.
Investor reach
spectup440+ direct relationships, plus signal-triggered outbound to names we have no line to yet.
Fundraising agencyA licensed third-party database, the same one every client gets.
In-houseThe investors already on your cap table and their referrals.
Sides
spectupYours only. Investors never pay us.
Fundraising agencyOne, shared across every raise running in parallel.
In-houseYour own. No investor coverage beyond it.
What it costs
spectupA monthly fee plus a capped success fee, both in the engagement letter before outreach starts. Most of it only lands if the round closes.
Fundraising agencyA monthly fee, usually with no success component attached to it.
In-houseA fundraising hire is a fixed annual cost whether the round closes or not.
If the round stalls
spectupThe same partner is still on it.
Fundraising agencyThe account moves down the priority list.
In-houseIt competes with running the company.

If a row reads unfair to the alternative you are considering, say so on the first call and we will argue it there.

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Every investor network runs out

Ours is 440+ direct investor and LP relationships, every one out of a closed round. Further than most consultants reach, and still finite. This is where it ends and what happens after.

spectup
Ring I · personal
40+

We can call them

Investors we know personally and meet through the year. On a round these are the first calls, made before any deck goes out.

Where they sit

What type

Past the third ring the relationships stop. Most fundraising consultants stop with them. Two systems we built in-house carry the outreach past that line.

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Where the technology picks up our venture capital consulting

A round turns on reaching a fund in the quarter it is deploying. Two systems built in-house find that quarter: a signal engine on fund activity, and Valicon.ai on what each fund is writing into now.

01

The quarter a fund is ready to write

A fund closes. A thesis is published. A partner moves. A portfolio exit frees capital.

80+triggers watched, continuously
02

The partner who writes the cheque, not the associate

Valicon.ai holds what each fund has opened and backed, so the approach fits that fund.

3channels worked in parallel
03

The meeting lands while the thesis is still open

An intro in the week a fund closes its vehicle gets a reply. Three months later it does not.

74investor meetings on one raise
A worked example

Pick a trigger.

The signal
What goes out
What goes out
Run this on your round

Both systems are live from week one of the engagement.

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Startup fundraising consultant services by region

spectup is engaged out of Munich and runs raises across four regions. A round runs wherever the capital for that sector actually sits, which is rarely the market the company is in.

Startup fundraising consultant services in the United States and Canada. Venture and growth investors in New York, Boston, Chicago, San Francisco, Los Angeles and Toronto. Most European startups we raise for take American money at Series B and later.

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Sectors we raise into

Where our investor relationships are deepest. A fund that has backed six companies in your sector reads your round faster than one seeing it for the first time.

  • 01AIFoundation models, tooling, applied
  • 02FintechPayments, lending, capital markets
  • 03HealthtechDevices, diagnostics, care delivery
  • 04Deep techPhotonics, materials, advanced compute
  • 05B2B SaaSVertical software with real contract value
  • 06RoboticsAutomation, logistics, industrial systems
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Startup rounds we have closed

Named with the company's consent. Open a row for the detail.

Story and materials
$40M
CreatorIQ

Series D. Creator marketing software.

Series DCreator marketing softwareUnited States
44 investor meetings generated
$18M
PopMeals

Series B. FoodTech.

Series BFoodTechAsia
74 investor meetings generated
$12M
Artly AI

Series A. Robotics.

Series ARoboticsUnited States

Different sectors, different stages, different jurisdictions. The same desk on every one.

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The spectup partners who will run your raise

Niclas Schlopsna, Managing Partner at spectup

Niclas Schlopsna

Managing Partner

Started spectup in Berlin in 2022. He decides which mandates the firm takes, and holds the line on price when the counterparty tests it.

LeadsSales, marketing and strategy
PreviouslyN26 logoBMW logoDeloitte logo
Edwin Mik, Partner and Head of Investor Relations at spectup

Edwin Mik

Partner & Head of IR

He has read mandates from the investor’s side of the table. He works out who is allocating now, and which of the 440+ relationships is the right first call.

LeadsInvestor relations, ecosystems and operations
PreviouslyBarclays logoApax Partners logoEuronext logo
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What founders say once the round has closed

Tim Sovay, Chief BD and Partnerships Officer at CreatorIQ
“Seamless on our Series D. They sharpened our story and delivered materials that set us apart.”
Tim SovayChief BD & Partnerships OfficerCreatorIQ
4.9 / 5 Top Capital Market Consulting Company 2026
17 verified Clutch reviews

Which capital mandate you need

You are here Startup fundraising consultant Venture-backed and founder-led companies raising an equity round. You are on this page
You raise for a fund Private placement agent Fund managers, private companies and listed issuers placing a vehicle or an issue. Private placement agent
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Fundraising questions we answer on every first call

What founders ask before they engage a fundraising consultant, answered straight.

01What does a startup fundraising consultant do?

A startup fundraising consultant runs the raise on the company's side: round size and structure, the equity story and valuation range, the investor materials, the target list, the outreach and negotiation support through to signature. spectup is engaged by the company and brings the investors to the table.

02What is the difference between a fundraising consultant and an investment bank?

A fundraising consultant is engaged to run one private round, on a monthly fee plus a success fee. A full-service bank also runs offerings, M&A and trading, and prices its desk for larger transactions. On a low or mid-market round the real difference is who works it day to day.

03How much does a fundraising consultant charge?

A monthly fee for the process, the materials and the outreach, plus a capped success fee on capital raised. The cap is fixed in writing before any work starts.

04What types of startups does spectup work with?

Bootstrapped companies taking a first institutional round, early-stage from late seed to Series A, and scale-ups from Series B to D. Revenue and a defined use of proceeds are the two conditions. No pre-revenue, no pre-product.

05At what stage should a startup hire a fundraising consultant?

Before the materials are built, not after the round has stalled. A raise runs five to eight months from engagement to close and the first four weeks are strategy, positioning and materials. Coming in after outreach has already gone out means re-approaching investors who have already passed.

06How do you decide which investors to approach?

Selection combines 440+ direct investor and LP relationships out of closed transactions with proprietary data on what each investor is currently writing cheques into. Outreach is triggered by live signals such as a new fund close, a partner move or a portfolio exit, so the approach lands while the investment decision is open.

07How long does a startup raise take?

Five to eight months from engagement to close. Strategy and positioning in the first fortnight, materials by week four, outreach from there.

08Do you take any money from investors?

No. spectup is paid by the company and never by an investor. No fund affiliations, no finder’s fees from the other side of the table.

09Which countries and regions do you raise in?

Europe, North America, the Middle East and Asia Pacific, from a desk in Munich. A European company raising from US funds is the most common shape of round we run, so the target list is built around where the capital for that sector actually sits rather than where you are.

10Do you work on a success fee only?

No. spectup charges a monthly fee plus a capped success fee on capital raised. A process the firm runs end to end but only partly controls is not a risk it carries alone: investor appetite, timing and the company's own numbers all move the outcome. The monthly fee covers the work, the capped success fee covers the result, and both are fixed in writing before any outreach starts.

11Can you guarantee that we raise?

No, and anyone who guarantees a round is mispricing the risk. What we commit to is the process: a defensible range, materials a fund can diligence, a named list and the meetings. One mandate produced 74 of them. Whether a term sheet follows depends on your numbers and the market that quarter.

12Should we raise ourselves or hire a fundraising consultant?

Raise it yourself if you already have the relationships, the materials, and someone who can spend five to eight months on outreach without dropping the company. Hire when the constraint is reach or attention: our list starts from 440+ names that already take the call.

13Is spectup a registered broker-dealer in the US?

spectup’s U.S.-related activity runs under SEC Rule 15a-6, through a chaperoning arrangement with a U.S. registered broker-dealer that is a FINRA and SIPC member.

14Do you also raise capital for funds?

Yes, but as a separate practice line. A fund manager raising a vehicle is a private placement: different scope, different investor base, different regulatory framing. It is set out on private placement agent services.

15Is this venture capital consulting?

It is venture capital consulting only in the sense that we know the market. The difference is what lands on your desk: a consultant hands you a strategy deck and a target list, and you make the calls. We build the positioning, run the outreach from our own relationships, and sit in the room when the round is negotiated. You are buying execution, not advice about execution.

Not covered here? Send it and we will answer it on the call.

Ask us something else
spectup

Find out what your round actually needs.

One call covers the raise amount, the investor list it needs and whether we would run it. Bring the deck and the numbers.

01

Send the deck and the numbers

02

A 30-minute call on the round

03

A written proposal: scope, timeline, fees