Berlin-based EWOR, a venture capital firm supporting early-stage entrepreneurs, announced that Petter Made, co-founder of SumUp, and Quinten Selhorst, founder of Felyx, have joined as full-time partners.
EWOR provides hands-on support for startups at the early stages, guided by experienced founders. Made and Selhorst aim to strengthen EWOR’s mission to build a “leading” fellowship for “outlier” entrepreneurs.
“I want to leave a dent in the universe by supporting the most extraordinary minds. With EWOR, I can do exactly that,” says Petter Made as he joined EWOR.
Instead of a fixed program, EWOR provides a flexible ecosystem where founders can choose from 8 learning modules at their own pace, enabling them to focus on building impactful, scalable companies.
With the addition of Made and Selhorst as new partners, EWOR aims to shape the future of global tech entrepreneurship in Europe further. The firm’s full-time partners now boast an average company value of over €2B per partner.
Made and Selhorst to mentor high-growth startups
Petter Made is a co-founder of SumUp, a decacorn valued at €8.5B, and also played a key role in building Drooms to a nine-figure valuation. His expertise in scaling startups and creating multi-billion-dollar companies will benefit EWOR’s fellows.
Quinten Selhorst is the founder of Felyx, an urban mobility company. His experience in launching and scaling innovative startups adds insight into the challenges of building high-growth companies.
Selhorst emphasises quality over quantity in his approach, working with a select number of co-founding teams each year to provide deep, personalised guidance.
Together, they will elevate EWOR’s fellowship, offering hands-on coaching and leveraging their expertise to help fellows scale their companies to new heights.
EWOR Fellowship aims to set new standards in European entrepreneurship
The EWOR Fellowship is a highly selective program that supports exceptional entrepreneurs, accepting only 0.1 per cent of applicants. Fellows raise an average of €2M after completing the program, far exceeding comparable initiatives.
The fellowship focuses on quality, with each participant receiving personalised coaching from seasoned founders and investors.
Jörgen Tveit, founder of Thaleron, a fellow from EWOR’s 5th cohort, says, “For me, the major reason to become an EWOR fellow was joining a group of the world’s most capable individuals – knowing that, together, we might change the world.”
The program attracts both first-time founders and experienced entrepreneurs, including notable names like Andrew Nutter, Ricky Knox, and Tim Seithe, who have achieved significant exits and are also angel investors.
Fellows of the EWOR Fellowship receive up to €200,000 in pre-seed funding and access to a network of over 1,000 investors and mentors. They also benefit from up to €300,000 in-kind support, including third-party credits and discounts.
Fellows receive weekly one-on-one coaching from experienced EWOR Partners, who have led successful exits, and participate in focus groups designed to accelerate their journey toward becoming a unicorn startup.
Additional support includes legal advice, design assistance, and other professional services to help with fundraising, company setup, hiring, and personal development.
Types of fellowships
EWOR offers two types of fellowships: the Ideation Fellowship for those in the early stages of their startup with no traction, and the Traction Fellowship for startups with initial traction or those preparing to raise funding.
The application processes differ; Ideation applicants will be contacted shortly after the deadline, while Traction applicants are reviewed on a rolling basis, with responses within two weeks.
Both fellowships have no cash fees, but equity participation policies vary. Applicants cannot update their submissions once they are sent.
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