Tagged: Venture Capital

New advance tax ruling regarding simple agreement for future equity (SAFE)

On 3 October 2023, an advance tax ruling was published according to which the National Tax Board has decided that an investment product structured as a Simple Agreement for Future Equity (SAFE) was not a “subscription right” covered by the Danish Share Capital Gains Act but was deemed a “financial contract” governed by article 29 of the Gains on Securities and Foreign Currency Act

VC funding for female founders keep steady

Despite the recent surge in venture capital funding, female founders are still facing challenges.

Invest Europe Private Equity 2022 Benchmark Report

The 2022 Private Equity Benchmark Report for 2022 has been published.

Private equity fundraising in Europe hit a record high in 2022

New VC trends from Q1

European VC funding drops in Q1

New ESG KPI Report by Invest Europe

Invest Europe, the trade association representing Europe’s private equity and venture capital sector, has published its first ESG KPI report with data from 2021.

ESMA has Issued Guidelines on Marketing Communication

The guidelines apply to all marketing communication addressed to investors or potential investors for AIFs, including amongst others when they are set up as EuVECAs.

The Value Reporting Foundation – The Merger of IIRC and SASB

The International Integrated Reporting Council (IIRC) and the Sustainability Accounting Standards Board (SASB) has merged to form the Value Reporting Foundation. 

Ruling on Taxation of SAFE

On 23 October 2020, the Danish Tax Agency published a ruling from the Danish National Tax Board regarding taxation of a SAFE (Simple Agreement for Future Equity) issuable by a US company.

Rules Concerning the Tax Treatment of Equity Compensation to Employees in Startups

On 21 August 2020, the Danish Ministry of Taxation published for consultation a draft proposal according to which previously adopted amendments to the Danish Tax Assessment Act concerning the tax treatment of equity compensation to employees in “start-ups” will enter into force on 1 January 2021.

Venture Terms in the Light of COVID-19

Part 2 – Interview with Tommy Andersen, Managing Partner at byFounders

Council Approves Regulation on Cross-Border Distribution of AIFs

On 14 June 2019 the Council adopted the new regulation on facilitating cross-border distributions of AIFs.

New Directive to Amend AIFMD has been Adopted

On 14 June 2019 the Council adopted the new directive amending i.a. the Alternative Investment Fund Managers Directive (AIFMD).

Part 1 – Interview with Tommy Andersen, Managing Partner at byFounders

We had a talk with one of the people we have the great pleasure of working with, managing partner at byFounders Tommy Andersen, about investing in startups. Watch part 1 were topics such as fundraising, the Danish startup environment and trends in the market are up for discussion.

New Rules on EuVECA Conflicts of Interest

On 22 May 2019 the European Commission adopted delegated regulation specifying different types of conflicts of interest of managers of European Venture Capital Funds (EuVECA) and the steps to be taken in terms of structures, organisational and administrative procedures.

Commission Adopts Changes to the Risk-Weight of Certain Alternative Investments (Solvency II)

An amendment to the delegated regulation (EU) 2015/35 was adopted by the European Commission 8 March 2019. The legislation includes changes to the risk-weight of certain alternative investments.

Commission Adopts Delegated Regulation Regarding COI’s on EuVECA Funds

The proposal specifies the type of conflict of interest referred to in the EuVECA directive and the steps that EuVECA fund managers must take.