Local venture capitalists play a crucial role in attracting foreign investors to venture capital-backed companies. They provide valuable advice, contacts, and knowledge about the local market, making the venture more attractive for international investment. This is especially important when the entrepreneurial team lacks experience or when the home market is not significant. The presence of a local investor also signals credibility and helps form partnerships with foreign investors. Overall, the study sheds light on how domestic and foreign venture capitalists work together in international investment syndicates, contributing to a better understanding of cross-border venture capital.