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ABC Accelerator

We provided ABC Accelerator with multiple growth mentoring programs for all of their portfolio companies with a mix of onsite and remote activities.

#Europe

Company & Background

ABC Accelerator (ABC) is a 4-month seed stage accelerator program backed by a number of private and institutional investors from Slovenia and the Balkans. Since its launch in 2015, ABC graduated 200+ startups and scaleups in dozens of batches.

Challenges & Needs

ABC Accelerator understood that Slovenia and the Balkans, being an emerging startup ecosystem, lacked certain skills and experience related to international growth (typical of a pre-Series A scaleup) that were the main challenge for the further development of startups once they left the accelerator.

Solutions & Impact

Fast Forward Advisors supported ABC Accelerator on all topics regarding growth (from go-to-market, to growth system engineering) via our Portfolio Development & Growth Service, delivering both 1-many workshops and 1-1 mentoring and consulting to all active batches and highly tailored operational support to selected graduated high potential startups and scaleups.

These messages keep our motivation high and our team going strong

“ Frank from Fast Forward has been one of our best-rated mentors since 2015 and his knowledge and experiences on growth have been of great value to our startups. “

Ksenja Jaklic

“ Frank from Fast Forward has been one of our best-rated mentors since 2015 and his knowledge and experiences on growth have been of great value to our startups. “

Ksenja Jaklic
Program Coordinator | ABC Accelerator

Company & Background

ABC Accelerator (ABC) is a 4-month seed stage accelerator program backed by a number of private and institutional investors from Slovenia and the Balkans. Since its launch in 2015, ABC graduated 200+ startups and scaleups in dozens of batches. Some notable alumni from this program are Viberate (successful ICO of USD 10M+ in 5 minutes, read here for more infos) and FruttaWeb (competing with Amazon Fresh in Europe, growing at double digits) to name a few.

They opened two new locations in Germany and Silicon Valley to further support the graduated companies.

Challenges & Needs

ABC Accelerator understood that Slovenia and the Balkans, being an emerging startup ecosystem, lacked certain skills and experience related to international growth (typical of a pre-Series A scaleup) that were the main challenge for the further development of startups once they left the accelerator.

“The Series A Crunch” in Europe is also reflecting this fact and not many startups reach scaleup status and produce the required unit economics to solidly produce a venture-worthy VC-backable investment case.

ABC Accelerator was looking to create a partnership with a potential partner that would be able to provide both educational, but also hands-on consulting and operational support services.

Solutions & Impact

Fast Forward Advisors supported ABC Accelerator on all topics regarding growth (from go-to-market, to growth system engineering) via our Portfolio Development & Growth Service, including:
a) Onsite 1-many Growth Workshops (educational content + real startup/scaleup cases from our portfolio)
b) Onsite and Remote 1-1 Growth Mentoring and Consulting (lasting around 1-2 hours each going into 3 specific questions or challenges from each startup)
c) Remote 1-1 Growth Consulting and Operational Support (with selected startups to resolve specific questions, problems or challenges around growth)

The sectors of the batches included:
– Smart Cities
– Smart Living & HealthTech
– RetailTech
– IoT / IoE
– Intelligent Things (Hardware & Smart Devices)
– DeepTech

Our Impact

We worked with 200+ startups and scaleups, providing 1,000+ hours of support. You can find more information about the programs on the ABC website and about the alumni on the ABC Alumni website and here below.

Some notable names of startups include:

  • Viberate – The first ever blockchain-based live music marketplace (Successful ICO raised $10M+ in 2017)
  • FruttaWeb – Fresh vegetables and fruit marketplace (double digit monthly growth – 7-figure revenues and growing – competing with Amazon Fresh before European market entry)
  • Soplaya – B2B marketplace for suppliers and restaurants, raised $4.5M in 2020 from top tier VCs in Europe.