henQ backs founders building B2B software in markets others call too boring or irrelevant, often with unusual business models, and it deliberately invests in only a small number of companies each year—about two annually, or 8 to 12 over five years—moving from a first meeting to a signed term sheet in days rather than weeks without asking for pitch decks or investor-focused financial models. After investing, henQ takes a low-control approach, is willing to admit when it doesn't know something, and is comfortable if a company never raises venture money again, while basing its view of growth on what actually works in Europe rather than the U.S., aiming for portfolio companies to reach €60 million in recurring revenue using less funding and less dilution than the average venture-backed company, and it chose to raise its newer fund without institutional or government money to keep its investment decisions fully independent.