Crowdfunder (US) announced this past spring its intent to launch a diversified VC fund for early stage companies. Crowdfunder stated at that time;
“The Fund invests $100,000 into startups backed by top VCs at their same terms. Once the Fund invests in a startup, our online investor network gets access to select deals at the same terms as the lead VC. This new model combines the power and access of a VC fund with the scalability and reach of our online marketplace.”
The intent was to simplify seed funding for entrepreneurs while streamlining risk mitigating diversification. The pairing of VCs/Angels with startups was a tacit acknowledgement of the benefits of matching professional investors with individuals with less experience. The first filing indicated a fund target of just $2.5 million, according to the Reg D (506b) filing.
A new filing with the SEC, expects a far larger fund. The recently filed Form D targets an offering amount of $100 million. The Crowdfunder VC Index Fund, LP reported its first sale on June 22, 2016. While Crowdfunder has not released any new information on the most recent fund, their FAQs stated they are currently investing in 15 startups per month with a max 1000 individual investments from the first fund. Apparently the next Fund will be far larger.
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