Allocate, a San Francisco, CA-based provider of a platform that enables investors to discover and invest in high-quality venture funds, raised $5M in seed funding.
Backers included Urban Innovation Fund, Tusk Venture Partners, Basis Set Ventures, Liquid 2 Ventures, Broadhaven Ventures, Fika Ventures, Ulu Ventures, and Anthemis Group.
Founded by Samir Kaji and Hana Yang in 2020, Allocate curates vetted venture fund products for wealth advisors, family offices, and qualified individuals and provides them with an end-to-end experience spanning discovery, assessment, investment, and post-investment tracking. Through Allocate feeder vehicles that aggregate individual commitments, investors can invest in top funds at much lower minimums without the cost overhead found in current traditional solutions.
The two co-founders have worked closely with over 1,000 venture fund managers in their careers. Before launching Allocate, the team previously had tenures at SVB Financial Group, SVB Capital, First Republic Bank, Kauffman Fellows, Fairview Capital, CircleUp, Gradifi, and Vistaprint.
FinSMEs
23/07/2021