1M.Ventures
From Idea to First Million
The capital partner of the XR Venture Studio. We find and structure money so the studio can operate alongside founders from idea to €1M ARR.
The Fracture
Below €1M ARR, everything is rough. It is not just a funding gap — it is a structural problem.
European founders face slow processes, opaque terms, and capital partners who treat anything under Series A as not worth their time. Idea-stage founders get ignored entirely. If you do not already have traction, you do not exist.
Pre-seed funds chase slides and stories. Series A funds want €1M+ in ARR, predictable growth, and a clear path to scale. Between these two worlds lies a no-man's land where founders with real ideas — and eventually real customers — are left to fend for themselves.
The problem is not just money. It is the absence of structure, operational infrastructure, and patient capital that respects the pace of building something real from nothing.
1M.Ventures moves fast. We exist to close that gap — from idea through first million.
The Studio
1M.Ventures is the capital partner of the XR Venture Studio — the operational home where XR ventures get built. We structure the money. The studio embeds alongside the founder and builds.
When you raise through 1M.Ventures, you get access to the full studio stack — operational infrastructure that would take years and hundreds of thousands of euros to assemble independently.
NimsForest
An autonomous orchestration platform that provisions infrastructure, deploys services, and manages the entire operational stack — from CI/CD to monitoring to identity. What would cost a founding team six months and a full-time DevOps hire, NimsForest delivers in days.
Hydra
A suite of operational tools — fleet management, release distribution, reverse proxying, issue tracking, service monitoring — battle-tested across production workloads. These are not prototypes. They run in production today.
Executxr
AI-native execution agents that handle the work most early-stage companies cannot afford to staff: automated testing, code review, documentation, customer support triage, and operational maintenance. Not a chatbot — a workforce.
This is the studio advantage. The founder focuses on what matters — product, customers, revenue — while we handle the operational complexity that kills companies at this stage.
The Journey
Eight stages from idea to €1M ARR. Each stage is a proof point — earned, never assumed. But the pace is not one-size-fits-all.
Growth
Aggressive scaling. Idea to €1M ARR in ~36 months. Every CLA stage earned through velocity.
Lifestyle
Profitability first. 10% EBIT from early revenue. Reaches €1M ARR in 5–10 years. Sustainable by design.
We back both. The instrument is the same — the pace is yours.
The Instrument
Syndicate One is live. Our first investor syndicate has backed a venture through the CLA ladder — validating the model, setting the template, and proving that structured, milestone-based funding works. Their conviction built the foundation for every syndicate that follows.
Our investment vehicle is purpose-built under Belgian law with a Big 4 firm. Capital is deployed through pre-designed syndicate CLAs (Convertible Loan Agreements) at each stage — a loan that converts into equity at a future qualifying financing event, rather than being repaid in cash. Structured, transparent, and fast.
The legal entity progresses with the company: a CommV at founding, converting to a BV at first revenue (Stage 4, ~€1K MRR). Every stage has its own CLA with predefined terms. No negotiation, no delays.
Stage 0 — Pre-Studio
Before the CLA ladder begins, we offer a FAST agreement (Founder Allocation of Shares for Territory) — not a convertible loan, but a simple equity allocation to get started.
- Equity
- 5%
- Service Credits
- €5K – €25K
- Instrument
- FAST Agreement
CLA Terms by Stage
| Stage | Name | Cap | Floor | Max Raise | Discount | QF Threshold | Maturity |
|---|---|---|---|---|---|---|---|
| 1 | Idea | €250K | €125K | €25K | 25% | €100K | 36 mo |
| 2 | Demo | €500K | €250K | €50K | 25% | €150K | 30 mo |
| 3 | MVP | €1M | €500K | €100K | 20% | €250K | 24 mo |
| 4 | First Revenue €1K MRR | €2M | €1M | €200K | 20% | €500K | 24 mo |
| 5 | Early Revenue €5K MRR | €5M | €2.5M | €500K | 15% | €1M | 24 mo |
| 6 | Traction €20K MRR | €8M | €4M | €800K | 15% | €1.5M | 24 mo |
| 7 | Momentum €40K MRR | €10M | €5M | €1M | 15% | €2M | 24 mo |
| 8 | Scale €85K MRR / €1M ARR | €15M | €7.5M | €1.5M | 10% | €3M | 18 mo |
Universal CLA Terms
- Extension Interest
- EURIBOR + 5% (Stages 1–3) · EURIBOR + 4% (Stages 4–8)
- Base Interest
- 12M EURIBOR + 3%
- Default Penalty
- +2%
- Conversion
- Contribution in kind
- Governing Law
- Belgium, courts of Brussels
- Signing
- DocuSign
Beyond €1M
Above €1M ARR, capital rounds are custom. That is not our territory — but we are happy to hand off to our Big 4 capital partner for bespoke structuring. Our job is to get you there.
Eight stages. One destination. Every tranche earned, never assumed.
The Promise
€1M ARR is not an arbitrary number. It is the threshold where everything changes.
At €1M ARR, you have proven that your market is real, your product is essential, and your growth is not accidental. You have the metrics, the narrative, and the momentum to raise a proper Series A — or to choose profitability and never raise again.
Our job is to get you there. Not to extract value along the way. Not to optimize for our portfolio metrics. Not to push you toward an exit you do not want.
From first revenue to first million. That is the promise. That is the entire scope of what we do.
Positioning
| 1M.Ventures IS | 1M.Ventures IS NOT |
|---|---|
| A venture studio that builds alongside founders | A fund that writes checks and waits |
| For founders from idea stage through €1M ARR | For late-stage companies or post-Series A |
| Milestone-based capital tied to real progress | Equity rounds based on projections |
| Operational infrastructure embedded in the company | Advisory with monthly check-in calls |
| Focused on €1M ARR as the finish line | Optimizing for billion-dollar unicorn outcomes |
| Fast — structured terms, no negotiation delays | Slow committee-driven decision-making |
| European, purpose-built under Belgian law | A US-template adapted for European founders |
| Patient capital that respects the founder's pace | Pressure to grow at all costs |
| Technology-first operational advantage | Network-first introductions and warm emails |
| Above €1M: handoff to Big 4 partner for custom rounds | Pretending to cover every stage of a company's life |