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Rafael Navarro-Rubio, CFA

INSIGHTS FOR STARTUPS

👋 Hello! I'm Rafa. I'm here to cover everything related to the world of startups, venture capital, financial modeling, pitch decks, and more—all with the sole goal of helping you get funded!


A bit about myself: I'm a CFA Charterholder with 9+ years of experience in Investment Banking. I founded Startup Models so founders can spend less time on finance and more time growing their startup. If you need help building a killer, investor-ready financial model, just let me know!

ARPU
ARPU (Average Revenue per User): What It Is and How to Calculate It
What is it?ARPU reveals how much revenue each customer generates within a given time, typically monthly or annually. It helps assess pricing strategies, track customer engagement, and uncover growth opportunities through upselling or premium offering...
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Venture Capital USA
TOP 15 Venture Capital Firms for Startups in the USA [2026]
1. Techstars Investments: 6,003 Location: Boulder, Colorado Socials: Website / LinkedIn / X / Facebook Techstars is a global powerhouse that connects founders with a vast network of seasoned entrepreneurs, mentors, alumni, investors, and corporate p...
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Venture Capital Norway
TOP 15 Venture Capital Firms for Startups in Norway [2026]
1. Investinor Investments: 113 Location: Trondheim, Sor-Trondelag Socials: Website / LinkedIn / X Investinor invests in Norwegian-based, high-potential companies that are internationally oriented and in phases ranging from early growth to expansion....
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Venture Capital Russia
TOP 15 Venture Capital Firms for Startups in Russia [2026]
1. Internet Initiatives Development Fund (IIDF) Investments: 448 Location: Moscow, Moscow City Socials: Website / LinkedIn / X / Facebook One of the priorities of Internet Initiatives Development Fund (IIDF) is financial and expert support to startu...
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Venture Capital Belgium
TOP 15 Venture Capital Firms for Startups in Belgium [2026]
1. European Innovation Council Investments: 1,090 Location: Brussels, Brussels Hoofdstedelijk Gewest Socials: Website / LinkedIn / X / Facebook The European Innovation Council (EIC) supports top-class innovators, entrepreneurs, small companies, and ...
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Venture Capital Austria
TOP 15 Venture Capital Firms for Startups in Austria [2026]
1. Speedinvest Investments: 468 Location: Vienna, Wien Socials: Website / LinkedIn / X / Facebook Speedinvest is one of Europe’s most active early-stage investors, managing over €1 billion in assets with a team of 40 investors across Berlin, London,...
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Venture Capital Turkey
TOP 15 Venture Capital Firms for Startups in Turkey [2026]
1. APY Ventures Investments: 59 Location: Istanbul, Istanbul Socials: Website / LinkedIn APY Ventures is a venture capital firm focused on early-stage technology startups. They aim to identify and support innovative tech enterprises with high growth...
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Venture Capital Hong Kong
TOP 15 Venture Capital Firms for Startups in Hong Kong [2026]
1. Animoca Brands Investments: 332 Location: Cyberport, Hong Kong Island Socials: Website / LinkedIn / X / Facebook Animoca Brands is a leading venture capital firm in the metaverse and gaming sectors, focusing on digital property rights through NFT...
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Venture Capital Portugal
TOP 15 Venture Capital Firms for Startups in Portugal [2026]
1. Portugal Ventures Investments: 312 Location: Porto, Lisboa Socials: Website / LinkedIn / X / Facebook Founded in 2012, Portugal Ventures is a part of the Banco Português de Fomento group. They invest in pre-seed, seed, and series A stages across ...
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Venture Capital Switzerland
TOP 15 Venture Capital Firms for Startups in Switzerland [2026]
1. Tenity Investments: 294 Location: Zürich, Zurich Socials: Website / LinkedIn / X / Facebook Tenity is an innovation accelerator network and early-stage investor focused on FinTech, RegTech, InsurTech, Deeptech, and Climate Fintech. They provide c...
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Venture Capital Finland
TOP 15 Venture Capital Firms for Startups in Finland [2026]
1. Business Finland Investments: 180 Location: Helsinki, Southern Finland Socials: Website / LinkedIn / X / Facebook Business Finland (formerly Tekes) is a Finnish funding agency specializing in research communities, industry, and service sectors. T...
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Venture Capital Denmark
TOP 15 Venture Capital Firms for Startups in Denmark [2026]
1. Novo Holdings Investments: 342 Location: Hellerup, Hovedstaden Socials: Website / LinkedIn / X Novo Holdings is a holding company specializing in life science investments with a focus on creating long-term value. They manage a portfolio that incl...
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Venture Capital Sweden
TOP 15 Venture Capital Firms for Startups in Sweden [2026]
1. Almi Invest Investments: 609 Location: Stockholm, Stockholms Lan Socials: Website / LinkedIn / X / Facebook ALMI Invest invests in Swedish companies with scalable business models and motivated entrepreneurs. With eight regional funds and SEK 1 bi...
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Venture Capital Ireland
TOP 15 Venture Capital Firms for Startups in Ireland [2026]
1. Act Venture Capital Investments: 161 Location: Dublin, Dublin Socials: Website / LinkedIn / X Act Venture Capital is technology-focused, investing capital and expertise to fuel growth in promising companies. With €600m raised across multiple fund...
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Venture Capital South Korea
TOP 15 Venture Capital Firms for Startups in South Korea [2026]
1. Korea Investment Partners Investments: 389 Location: Seoul, Seoul-t'ukpyolsi Socials: Website / LinkedIn Korea Investment Partners (KIP) is a leading venture capital and private equity firm with over 30 years of experience. They have investe...
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