Maybern’s Post

fundcraft raises a $6 million series A to transform how funds handle back end operations #fundcraft, a digital fund operation #fintech platform founded by CEO Julien De Mayer, has secured an additional €6 million in its Series A round, bringing its total funding this year to €11 million. The investment was led by 3VC and MiddleGame Ventures. fundcraft specializes in developing end-to-end digital #fund operations that enhance transparency, efficiency, and compliance for asset managers. Since its initial Series A announcement in May 2024, the company has achieved a remarkable 60% increase in funds managed, now representing more than €8.1 billion in commitments. The new funding will support product development focusing on automation, operational efficiency, and transparency to meet the growing demand from alternative investment asset managers, notably mid-market #PE funds with complex needs for integrated digital solutions. fundcraft also plans to deepen its support across Europe and expand its team. Investor Eva Arh, Partner at 3VC, commented: "In a market where fund managers often struggle with cumbersome and inefficient fund admin processes—relying on manual tasks, back-and-forth emails, and Excel sheets—fundcraft brings a proven solution to established firms looking to launch new funds or migrate existing ones on a digital platform." The article on Tech.eu in the first comment.

Series: Advanced Techniques in VC Fund Portfolio Management Several friends and colleagues asked for my views on advanced portfolio management techniques in VC. While there have been advances, applying them is complex. I advise focusing on mastering the fundamentals of VC fund portfolio management before exploring advanced techniques. During the coming days , I will write 6 part series on Advanced VC fund PM! Partt 1: Advanced VC Fund Portfolio Management Effective portfolio management is crucial for maximizing returns and minimizing risks in venture capital. It involves sophisticated decision-making processes, including detailed financial modeling, risk assessment, strategic diversification, and accurate startup valuation. 1. Financial Modeling: Financial modeling in VC involves creating quantitative representations of a fund's financial performance. For instance, using a Monte Carlo simulation, a fund can model 10,000 potential outcomes for a $100 million fund, increasing the expected return by 15% while reducing risk by 10%. 2. Risk Assessment: Risk assessment includes identifying, analyzing, and mitigating risks. Using Value at Risk (VaR) models, a fund can estimate potential losses under normal market conditions, and stress testing helps prepare for extreme scenarios, like a 30% market downturn. 3. Strategic Diversification: Diversification involves allocating investments across sectors, stages, and geographies. A $100 million fund might allocate 30% to early-stage tech startups, 40% to growth-stage healthcare companies, and 30% to late-stage fintech firms to reduce sector-specific risks and capture growth opportunities. 4. Using advanced start up valuation techniques: Several models exist for valuing early-stage startups, each with varying complexity and assumptions. The Options Pricing Model considers a startup's potential for future success, comparing it to a financial option. The Chicago Method focuses on risk and potential returns for different stakeholders. Other approaches, like the Berkus Method, consider specific factors like team experience and market size. Choosing a model depends on the startup's stage and available information. #VentureCapital #PortfolioManagement #AdvancedTechniques #alternatives #valutation #riskmanagement

Venture Capital News - Venture Capital News Headlines

Korean Startup Sherpas Transforming IT Asset Management with AI-Driven Solution SMPLY In a rapidly evolving digital landscape, the effective management of IT assets is becoming increasingly crucial for businesses of all sizes. Korean startup Sherpas, an innovative company founded in 2023, leverages artificial intelligence to streamline the management of Software as a Service (SaaS) and IT devices. Spearheaded by CEO Jihun Lee, Sherpas has quickly made […] The post Korean Startup Sherpas Transforming IT Asset Management with AI-Driven Solution SMPLY first appeared on KoreaTechDesk | Korean Startup and Technology News . The post Korean Startup Sherpas Transforming IT Asset Management with AI-Driven Solution SMPLY appeared first on KoreaTechDesk | Korean Startup and Technology News . #koreatech #Tech #koreastartup #KoreaTechnews #Koreastartupnews

📝 From Challenge to Triumph: A Case Study on Motive Ventures It has been a pleasure working with Motive Ventures, especially Ramin Niroumand, Dr. Philipp Linkens, LL.M, Michael Hock, and John Plewa over the last several months! Prior to bunch, Motive Ventures worked with traditional service providers and an internal finance team coordinating all fund operations and administration efforts, such as capital calls and distributions, fund reporting, compliance filings, treasury, and tax and accounting. Due to their limited possibilities to complete their tasks without relying on multiple parties, Motive Ventures was looking for a holistic solution. By moving their funds to bunch, Motive Ventures has been able to manage €200M+ assets and more than 60 LPs internationally, from one unified dashboard, cutting out the middle-men. Read the full case study linked in the comments below and feel free to reach out to sales@bunch.capital to understand how you too can upgrade your fund management. 

Nice write-up and a cool conclusion. I hastily read it earlier. Sorry about that. 😊 Founders should truly be patient and avoid pitfalls as much as possible: Some Founders would hurriedly spend Investors' hard-earned money on frivolities terming it "branding" instead of frugally committing to basic branding in the first few months of operation while patiently studying the best approach from User Experience and other profitable Datasets. Others in a hugely-populated country like Nigeria would be craving for unnecessary expansion to other African countries when they are yet to be established at home. Some other Founders would be recruiting talents that would literally drain the funds as if they launched to primarily compete with Big Tech from Year 1. That is why I would always respect Shola Akinlade of Paystack for his frugality and advise every Founder in Africa who desires to touch VC's money to humbly request his mentorship. Meanwhile, I and my Team are currently working on SchoolPortal.com.ng (An AI-Powered School Management Portal for Nigerian Schools) and Apprentice.com.ng (An AI-Powered Portal for Artisans, Craftsmen and Tradesmen in Nigeria). Both are scheduled to be launched on October 1, 2024. Whoever wants to be one of our Sponsors should send me a message before the product launch. The Logo and Link of your Brand will be conspicuously labelled as Sponsors on each Website for the next 3 Years.

Contrary to public perception, venture capital doesn't pay great wages. Especially for micro-funds. A $10m fund with a 2% annual management fee and 20% carry leaves the fund with $200,000 annual budget (salaries, branding, website, tools, travel , legal et al). This is a whole firm, not 1 person. Which is why we have solo funds. Before you can get $10m entrusted to you, you are most likely pedigreed enough to earn far more than $200k pay elsewhere with Amazon, Google, Indeed et al. Get into venture capital because you are really passionate about it. Your reward is in the future - in the carry (or inadvertently when you get to amass tens and hundreds of millions of AUM). Which also means you have to make the best decisions to secure your future.

What no one actually tells you before you get into venture is that even that 2% per year ‘fee’ isn’t really your money. It is at best a credit to be repaid with a deduction from your return at source before you can get any share of your carry profit. Venture capital is nothing but a pure labor of love. Anybody telling you anything else is either not being sincere or doesn’t actually intend to return capital to their investors. Ofcourse this is why most venture capital firms at scale default to becoming misaligned fee earning asset managers but that’s a story for another day. We have done enough table shaking today.

[Attention, London!] Are you intrigued by the bustling asset management startups in our vibrant city? We’re thrilled to spotlight some of the most innovative companies making waves in the industry. Our latest article "Spotlight on London-Based Asset Management Startups: Innovations from the UK" is out now. Learn how these startups are shaking up the game and setting new standards! Check it out https://lnkd.in/ghR54nHm 🔦 Featuring: Zodia Custody Quantum Investment Limited MillTechFX by Millennium Global by Millennium Global, founded by Eric Huttman Seventy Ninth Group Maniyar Capital, founded by Dharmesh M. BoringDAO, founded by Dewei Liu & Enki Yan ProsperUs ImpactVest Kensys, founded by Edwy Zoonekynd & Stephane Renard Reframe Capital, founded by Benjamin Lamping Facility for Energy Inclusion Here’s to the innovative minds shaping the future of asset management in London! 🇬🇧💼🏦 #LondonStartups #AssetManagement #FinancialInnovations #UKStartups #BusinessSpotlight

Exciting news! We've just published a new article spotlighting six revolutionary Canadian startups transforming the world of asset management right in the heart of Sydney. From commercial lending to IT management and natural resources, these innovators are shaking up the finance sector in a big way. Check out the full piece here: https://lnkd.in/gcuJTjBy Featuring: - Maple Commercial Finance, helmed by Jamie Stenhouse, a key player in asset management and financial services. - Aequitas Investment Partners – offering expert advice and impactful investment strategies. - Servicely, founded by Dion Williams, a standout in AI and automation for efficient workflows. - Cecil, headed up by Alex Logan, pioneers in managing natural assets via their innovative platform. - NOVUS – experts in property management, playing a critical role in property performance optimization. - Last but not least, we have Goodman Grant, led by Justin Fox, a beacon in consulting and financial services. To all the founders and their dedicated teams, congratulations for the impressive work you do. Let's continue to celebrate and support entrepreneurial talent in Canada and beyond. #startups #assetmanagement #financialservices #innovation #canadianstartups