Allocate the $15.3 million raised from this 17-page Pitch Deck

  • Samir Kaji and Hana Yang created Allocate to help more investors access venture capital funds.
  • The company just completed a $15.3 million Series A funding round led by M13.
  • In six months, Allocate has onboarded more than 200 investors and has 600 investors on its waiting list.

Samir Kaji and Hana Yang know firsthand how difficult it can be for even wealthy investors to build venture capital portfolios.

In private equity and venture capital relationship management and venture capital manager diversity jobs at First Republic Bank, they observed individual investors and family offices being blocked from investing with venture capital managers on a regular basis . One reason was the high investment minimums, which can range from $1 million to $50 million. Another was the difficulty of vetting these managers.

“To build a great portfolio, you have to look at the universe of great qualified managers,” said Kaji, who, along with Yang, has worked with more than 1,000 venture capital managers over the years. “You have to have time to fill out these managers, which is a lot of work. You have to be able to access these managers because access requires higher minimum capital ratios. And then, ultimately, you need an easy way to track these investments. The vast majority of families we worked with didn’t have it. Most people are completely excluded from the sector.”

So, in late 2021, Kaji and Yang launched Allocate, a digital investment platform that gives family offices and wealth advisors access to top-tier venture funds and co-investments.

Standard minimums through Allocate are just $100,000. The platform aggregates investor capital into Allocate feed vehicles, giving venture capital managers the opportunity to access non-institutional investors without the hassle of sourcing, managing and administering these allocations.

“We do this by pooling investor demand into a single-purpose feeder vehicle that invests in the underlying fund or pool of underlying funds,” Kaji said. “Such pooled vehicles are made in accordance with the SEC’s rules on counting investors.”

The company has just completed a $15.3 million Series A funding round led by M13 with participation from Bedrock, SignalFire and Intera Capital, and returning investors Tusk Venture Partners, Urban Innovation Fund, Fika Ventures, Anthemis, Basis Set Ventures, and Broadhaven Ventures.

In six months, Allocate has onboarded more than 200 non-institutional investors and has 600 investors on its waiting list. Those 200 investors have injected $125 million in venture capital funds through the platform.

Through its latest funding round, the platform will use the money to hire talent to help sift through the waiting list of retail investors, family offices and wealth managers. Allocate is seeking this talent with the help of referrals, its venture capital talent pool, and recruiters.

The company currently has 17 employees in three departments: engineering, compliance and operations, and sales, Kaji said. His current team members hail from a myriad of technology, venture capital, and financial services companies: SVB Financial Group, SVB Capital, Hamilton Lane, AngelList, Bowdoin Endowment, iCapital, Fidelity, First Republic Bank, Kauffman Fellows, CircleUp, Gradify, and Vistaprint.

See the 17-page pitch deck Allocate used to raise more than $15 million.

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