Tech

VC investment management platform Vauban raises £ 4.7 million

London-based online VC investor platform Vauban Has completed a £ 4.7m funding round to build regulatory infrastructure, double staff and launch new offices.

The cloud-based platform can be used by venture capital fund managers and angel investors to set up, deploy and manage funds and special purpose entities. This includes legal document management, investor onboarding, banking, and reporting. It can be used in multiple investment jurisdictions.

Pentech and Outward led Vauban’s pre-Series A funding round, with investments from 7% Ventures and MJ Hudson.

Funding was also provided by angel investors such as Nested CEO Matt Robinson, Grabayo founder Will Neale, and ComplyAdvantage Charles Delingpole founder and CEO.

“Our goal is to reduce friction between capital holders and those who need them,” said Rémy Astié, Vauban’s founder and co-CEO. “So we decided to start by rebuilding our digital rail infrastructure. The next step is to build a super platform and network on top of our existing platform.”

Vauban said it plans to use the money to open a new Luxembourg office and double the number of employees.

Vauban claims that the platform attracts at least one new client every day and that more than $ 1 billion has been invested through the platform since its inception in 2018.

Notable VC users of the platform include Anthemis, Passion Capital and Octopus Ventures. Overall, startups state that there are over 5,000 limited liability companies using the platform.

Vauban aims to leverage record levels of European VC activity with € 41.8 billion raised by European companies in the first half of 2021.

“Despite the rapid growth in alternative investment in recent years, the infrastructure on which the industry depends has not evolved,” said Andi Kazeroonian, an investor at Outward VC. “Creating and managing investment vehicles remains synonymous with a long, tedious and costly process that is fragmented across multiple service providers.”



VC investment management platform Vauban raises £ 4.7 million

Source link VC investment management platform Vauban raises £ 4.7 million

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