Request Call

Startup fundraising consultant We raise Series A to pre-IPO rounds.

Equity and growth capital from institutional investors. spectup runs the round end to end: strategy, readiness, outreach and diligence.

4.9 / 5 Top Capital Market Consulting Company 2026
18 Clutch reviews
Niclas Schlopsna, Managing Partner at spectup
30-minute call on fit Niclas Schlopsna · Managing Partner
/ 01

Startups our fundraising consultants have worked with

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

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
/ 02

Rounds we have raised

Sincespectup founded in Berlin2022
Raised, placed and advisedfor startups, companies and funds$760M+
Largest mandatea pre-IPO round, still running£100M
Investor and LP relationshipsevery one from a closed transaction440+
/ 03

Series A to pre-IPO rounds we run

Three round stages, Series A to pre-IPO, with no upper limit on round size. The stage decides the investor list, the materials and the timeline.

[01]
Series A

Series A funding

Revenue and a compounding metric, raised from the venture funds that lead a Series A.

[02]
Scale-ups

Series B, C and D

Growth is proven and the round is larger than the existing syndicate can carry. We approach growth funds, family offices and strategics in parallel.

[03]
Pre-IPO

Late-stage and pre‑IPO rounds

After Series D, or the last private round before a listing, primary or secondary. Crossover and growth equity investors.

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

Discuss your raise
/ 04

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.

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

Pre-product with no revenue, or a round before Series A. Another firm does those 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. The first thing an investor asks is what the money buys.

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

A round that has to close in weeks. Our raises run five to eight months.

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

A handful of warm intros. We only take mandates to run the whole round.

Enough runway left to run a real process.

Acting for the investors as well as the company.

/ 05

What a startup fundraising consultant does that you cannot do alone

We run four phases, and you hold the document, list or signature from each one.

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

Pitch 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 preparation

Due diligence Q and A, meeting preparation, term sheet review and preparing you for the negotiation through to signing.

You holdSigned financing documents

We scope, price and date all four.

A financial district at dusk
/ 06

How our startup fundraising consultant work runs, from first call to money in the bank

A raise runs five to eight months from engagement to close, and the stages overlap.

  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

We run scheduling and meeting management inside step 04 as an investor roadshow.

/ 07

What a startup fundraising consultant costs

Monthly fee+Success fee

Five to eight monthly fees while the round runs, then one success fee when the round closes and the money is in.

No success fee. The monthly fees are the whole cost.

01 The monthly fee

Round management, materials and investor outreach, at the same fee every month.

02 The success fee

A percentage of capital raised, capped.

/ 08

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

  spectup A fundraising agency In-house
Stage it suits
spectupSeries A to pre-IPO: 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 agencyYours, shared with every other raise the agency runs.
In-houseYours, with no investor coverage beyond your own network.
What it costs
spectupA monthly fee plus a capped success fee. 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.
/ 09

Every fundraising consultant's investor network runs out

A round runs from 440+ investors we have closed rounds with, to 2,500+ we have pitched clients to in person, to the investors of 30+ partner firms.

spectup
Ring I · personal
40+

We can call them

Investors we know personally. A startup's round reaches them first, on a call, before the deck goes any wider.

Where they sit

What type

/ 10

Where the technology picks up our venture capital consulting

Two systems we built in-house tell us which funds are deploying this 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

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

We approach in the week a fund closes its vehicle, while it is building its first cohort.

74investor meetings on one raise
A worked example

Each trigger, and the approach it starts.

The signal
How we approach it
What goes out
Run this on your round

We run both systems from week one of the engagement.

/ 11

Startup fundraising consultant services by region

spectup is an international team running raises across four regions. A round runs wherever the capital for that sector 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.

/ 12

Sectors we raise into

The nine sectors where we raise most rounds and our investor relationships run deepest.

  • 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
  • 07Climate and energyGeneration, storage, grid and transition technology
  • 08Consumer and foodFood technology and consumer brands with repeat purchase
  • 09ProptechSoftware for building, financing and managing property
/ 13

Series A to D rounds we have closed

Named with the company's consent.

Story and materials
$40M
Series DCreator marketing softwareUnited States
44 investor meetings generated
$18M
Series BFoodTechAsia
Investor outreach
$12M
Series ARoboticsUnited States

Series A to Series D across Europe, North America, the Middle East and Asia, all run by the same desk.

/ 14

The spectup partners who will run your raise

Meet the whole team
Niclas Schlopsna, Managing Partner at spectup

Niclas Schlopsna

Managing Partner

He sizes the round with you, decides whether we take it, and leads the price conversation with the lead investor. His background: N26, BMW Startup Garage, Deloitte.

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

Edwin Mik

Partner & Head of IR

Formerly in private equity at Apax Partners, he decides which investors see your deck first and what each of them needs to see.

LeadsInvestor relations, ecosystems and operations
PreviouslyBarclays logoApax Partners logoEuronext logo
/ 15

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
18 Clutch reviews

Which capital mandate you need

You are here Startup fundraising consultant Companies raising a Series A to pre-IPO 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
/ 16

Fundraising questions we answer on every first call

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 (pitch deck, financial model and data room), the target list, the outreach and preparation for the negotiation 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.

03How much does a fundraising consultant charge?

spectup charges a monthly fee for the process, materials and outreach, plus a capped success fee on capital raised, due at closing.

04What types of startups does spectup work with?

Companies raising a Series A, scale-ups raising a Series B to Series D, and late-stage companies raising a pre-IPO round, with no upper limit on round size. Revenue and a defined use of proceeds are the two conditions. No pre-revenue, no pre-product, nothing before Series A.

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

Before the materials are built. A raise runs five to eight months from engagement to close and the first four weeks are fundraising 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?

We start selection from three layers: 440+ direct investor and LP relationships out of closed transactions, 2,500+ investors and LPs we have sat in front of with clients, and 30+ partner firms whose own investors open on a shared mandate. Proprietary data on what each investor is currently writing cheques into narrows it. Our capital introduction services trigger outreach on 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, run by our international team. A European company raising from US funds is the most common shape of round we run, so we build the target list around where the capital for that sector sits.

10Do you work on a success fee only?

No. spectup charges a monthly fee plus a capped success fee on capital raised. Investor appetite, timing and the company's own numbers all move the outcome, so the monthly fee covers the work and the capped success fee covers the result.

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 startup 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 and widens to 2,500+ investors we have pitched clients to in person.

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 prepare you for the room when the round is negotiated. You are buying execution.

16Are you a fundraising consultant for Series A rounds?

Yes. Series A is the first round we take: revenue, a metric that is compounding, and a round the venture funds that lead at this stage can price. We build the equity story and the Series A metrics a fund diligences, then run the outreach. A $12M Series A for a robotics company in the United States is one of the rounds spectup has closed.

17Do you raise Series B, C and D growth rounds?

Yes. From Series B, growth is proven and the round is larger than the existing syndicate can carry, so we approach growth funds, family offices and strategic investors in parallel. spectup ran the investor outreach on PopMeals’ $18M Series B and led materials and positioning on CreatorIQ’s $40M Series D. What changes at this stage is set out in Series B funding.

18Do you advise on late-stage and pre-IPO rounds?

Yes. A pre-IPO round comes after Series D, as the last private round before a listing, primary or secondary, and we raise it from crossover and growth equity investors. Our largest mandate is a £100M pre-IPO round, still running. How these rounds are structured and priced is in our guide to pre-IPO funding.

19How does the investor list change by round?

At Series A it is the venture funds that lead at that stage. From Series B to D it is growth funds, family offices and strategic investors, approached in parallel. At late stage and pre-IPO it is crossover and growth equity investors. The stage decides the list, the materials and the timeline; the full ladder is in startup funding stages.

spectup

Find out what your round needs.

01

Send the deck and the numbers

02

A 30-minute call on the round

03

A written proposal: scope, timeline, fees

How the outreach runs

Two systems: the signal engine, and Valicon.ai

01The signals80+ watched
  • Closed a new fund
  • Partner moves firm
  • Portfolio company raises
  • Exit or IPO frees capital
  • PE fund upsizes
  • A shared board seat
02Checked against Valicon.ai
  • Every dot is a sequence already running
  • Yellow is a warm path: someone who can introduce you
  • The ring is Valicon.ai: nothing leaves until it agrees
03The meeting
  • LinkedIn
  • Email
  • Phone
  • Warm introduction
Congratulations on Fund IV. You will be building the first cohort now, and we run a mandate that fits the thesis you just described. You backed two companies at this stage last quarter. Ours is the same shape, and the numbers are attached. You asked to be called when something in this sector reached revenue. It has, and I have ten minutes of detail and no deck. You and the partner both sat on the same board. One line from you puts this in front of them warm.
Sent on LinkedInSent by emailCalled directlyIntroduced by someone they know Meeting booked

Other advisors license a database. We built both systems, so every approach is timed by the signal engine and checked against Valicon.ai before it goes out.

-

-

-
Industry
-
Year
-
Type
-
Geography
-

-