Allocate Announces $5M Seed Round to Expand Access To Venture Capital Funds
Summary
"Over the past 22 years, Ive closely observed the continued evolution of the venture capital industry, said Samir Kaji, CEO, and co-founder of Allocate. "Unfortunately, despite the significant increase in retail demand for venture fund investing, there are so many friction points that eliminate the ability for the largest population of qualified investors to participate. We are excited to provide a broader set of participants with a systematic and institutional manner to invest, which will have the added benefit of a healthier and more efficient venture capital ecosystem". "The Allocate team brings an amazing blend of experience, expertise, and relationships to provide investors of all types with a structured and thoughtful way to invest," said TX Zhuo, managing partner at Fika Ventures. "Allocate is taking an asset class thats traditionally been reserved for a small group of well-connected institutions and investors and making it accessible to a broader set of participants.