D3VC.ai, a new investment and funding platform founded by crowdfunding experts, says it has raised $775,000 in the first week of availability for its inaugural Fund I. This first fund is looking to raise up to $5 million, which it will invest in approximately 200 early-stage firms.
D3VC.ai says it aims to achieve greater performance than what AngelList talks about – deliver higher returns through diversification. At the same time, early stage firms may indicate their interest to receive funding from the firm.
The company utilizes AI to source promising investment opportunities hosted on various online investment platforms. The eventual goal is to operate like an AI VC, participating in follow-on rounds and supporting companies to an exit opportunity like an initial public offering.
D3VC.ai algo operates on an ongoing basis providing weekly predictions. This insight is reviewed by an investment committee for final evaluation.
In an email, Founding Partner Sherwood Neiss stated:
“I am incredibly thrilled by the overwhelming interest and support we have received for Fund I. The fact that we have already garnered $775K of commitments towards our $5M target is truly exciting. It is a testament to the belief and confidence that our prospective investors have in our data-driven approach and the unique investment opportunities we are set to offer. I am grateful for their trust and excited to embark on this journey together towards building a successful and impactful fund.”
Neiss is a crowdfunding OG, having helped to shepherd the JOBS Act of 2012 into reality.
Fund I is currently accepting interest from accredited investors as the opportunity is using the Reg D 506c exemption. I would not be surprised if a future Fund is opened to retail money after the thesis has garnered some traction.
Have a crowdfunding offering you'd like to share? Submit an offering for consideration using our Submit a Tip form and we may share it on our site!
