Reporting for a New Stage of Growth
How a fast-growing Nordic VC firm strengthened its reporting processes and LP trust with Lantern.
Introduction
A €300m venture capital fund investing in early-stage deep tech and climate-focused startups across the Nordics and Baltics. The fund is backed by a network of strategic corporate investors and prides itself on being a hands-on partner to pioneering founders across the region.
With a growing portfolio and an increasingly institutional LP base, the firm recognised the need to move beyond lightweight tools and build a more structured approach to portfolio data.
Challenge
As the firm scaled, its manual approach to portfolio monitoring became unsustainable:
- Founders submitted updates in a range of formats – from emails to decks and spreadsheets – creating an inconsistent and incomplete picture across the portfolio.
- Quarterly data collection required significant analyst effort, including manual chasing, consolidating submissions, and untangling version control issues.
- Without a structured system, it was difficult to deliver reliable performance insights to LPs or maintain consistency across internal reporting.
Challenge
- Unstructured, inconsistent updates
- Multiple versions of the truth
- Inconsistent metric reporting
Solution
- Lantern introduced a guided, tech-enabled workflow for portfolio companies, making it easy for founders to submit data in a consistent and timely manner - without adding friction.
- Analysts now operate from a single, structured dataset. This has significantly reduced time spent on manual data wrangling and enabled quicker identification of gaps or inconsistencies.
- Lantern’s team worked closely with the fund to define the right metrics, logic and workflows for their strategy, ensuring outputs were both relevant and reliable.
We’re investing in speed, but we also need discipline. Lantern helped us bring structure to what was previously a very inconsistent process, without slowing our founders down.
Partner, Early-Stage VC
Summary
By adopting Lantern, this early-stage VC now runs a scalable, founder-friendly portfolio monitoring process. The result? Faster reporting, less manual work, and a higher standard of data – all without sacrificing the agility that defines early-stage investing.
