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May 5, 2022

Allocate raises $15.3m to expand access to venture capital investing

Digital investment platform Allocate has raised $15.3m in a Series A funding round led by M13 with participation from SignalFire, Bedrock, and Intera Capital.

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How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

Returning investors Urban Innovation Fund, Tusk Venture Partners, Anthemis, Fika Ventures, Basis Set Ventures, and Broadhaven Ventures also joined the round.

Launched in late 2021, Allocate offers investors access to top-tier venture funds and co-investments through its end-to-end platform.

The fundraising comes as the firm prepares to move its platform from beta and focus on actively onboarding clients.

The platform currently has over 200 family offices and wealth advisory firms with over $125m allocated to products.

The fresh capital will allow the firm to hire new employees to cater to the growing waitlist of accredited individual investors, wealth managers, and family offices.

Allocate co-founders Samir Kaji and Hana Yang said: “The private and public markets are quickly converging. However, the venture fund ecosystem remains an insular and inefficient industry as it relates to supply and demand. Efficient and healthy markets are inclusive, transparent, and intuitive. Our vision at Allocate is to usher in a new era of responsible private market technology investing.”

Allocate is designed to automate product discovery, KYC and AML, subscription documents, capital calls, and investment management.

It enables advisers to roll out private technology-focused offerings without the friction linked to sourcing and accessing top funds.

In addition, it allows fund managers to access non-institutional investors without the need to source, manage, and administer these allocations.

The firm is now working to roll out new features on the platform to facilitate co-investment, analytics, and educational webinars on investment opportunities.

M13 co-founder Carter Reum said: “I have personally experienced both the supply and demand pain points that Allocate aims to solve, and I could not be more excited to back Samir, Hana, and the team on their mission to open access to the venture asset class.”

Free Report
img

How attractive are current investment opportunities in Europe?

Europe has been identified as one of the most favorable regions for investors, seeing high investment activity in the past year. Most of these investments have been through Debt Offering, valued at close to $700 billion. The region has provided attractive investments in a diverse set of companies. Companies who tend to major themes such Digital Media, Cloud, Artificial Intelligence, E-commerce, and Big Data are recording the highest number of deals, with Digital Media recording close to 2,000 deals. However, GlobalData’s whitepaper offers a full view of the market, analyzing less successful or attractive points of investment as well, examining statistics on Equity Offering investments and PE/VC deals. Understand how government agencies for economies around the world use GlobalData Explorer to:  
  • Track the M&A and Capital Raising volumes into their target market
  • Identify the top sectors in the target market attracting the investments
  • For any investment segment, identify the top Investors inside and outside the target economy that are already investing in the Segment
  • Assess and showcase the growth potential for various Industries in the target economy
Don’t miss out on key market insights that can help optimize your next investment – read the report now.
by GlobalData
Enter your details here to receive your free Report.

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