Andra Capital launches blockchain-based fund via a regulatory compliant cryptocurrency, Silicon Valley Coin
Traditionally, pre-IPO investment opportunities for top-performing companies are only available to company executives or privilege investment firms. Now, one company wants to change that. Andra Capital is a late-stage, technology growth fund that leverages the blockchain through its Silicon Valley Coin, a regulatory compliant and asset-backed security token, to provide access to permitted US and global investors an ownership stake in the fund. The Fund aims to outperform traditional VC funds by investing alongside top-tier VCs in top-performing companies and paves way for global investors to gain unprecedented access to highly sought-after late-stage pre-IPO investment opportunities.
Today, the company announced in a release the launch of its late-stage, technology growth fund. The Andra Fund is tokenized with Blockchain technology to enable greater access to global investors. The company has already secured more than $500 million in investment commitments and allocations and is well underway to successfully raise $1 billion dollars. Andra has experienced significant market traction from global, traditional investors (institutions, hedge funds, family offices, individuals), token holders, and alternative investors seeking access to high-growth assets to maximize returns.
The Andra Capital network consists of top-tier VCs, company executives, entrepreneurs, investors, lawyers, accountants, and bankers, which grants access to a steady deal flow of top-tier investments. This is essential, as the declining number of IPOs per year requires a consistent deal flow of high-ROI opportunities. Their proprietary strategy and stakeholder ecosystem aims to provide 30%+ IRR target returns from investing in late-stage technology ventures. Andra Fund targets companies in their growth phase and aims to provide investors with higher returns and lower risks over a shorter investment period than traditional venture capital funds.
Andra Capital is leveling the playing fieled and breaking the mold of traditional venture capital investing. Andra’s “Silicon Valley Coin” is a security token, backed by real, legally-registered securities in private, late-stage technology companies. Another advantage of tokenizing the Fund is that it decentralizes venture funds, connecting more technology companies with investors worldwide than previously possible. Investors will benefit from reduced risk, greater flexibility, and a shorter investment period than traditional venture capital funds. The company’s security token offering will take place in Summer 2018.
“Through its Silicon Valley Coin, Andra aims to democratize venture capital by allowing global investors to participate in top-tier Silicon Valley investments. Previously, this exclusive access has been limited to closed VC networks and large investment firms. Andra Capital now offers unprecedented access to late-stage high-growth pre-IPO technology companies such as Lyft, WeWork, AirBnB, SpaceX and Palantir. For the first time, investors worldwide—including those with less to invest—are on the cusp of gaining access to the highest growth assets available,” the company said in a press release.
“Andra Capital is democratizing venture capital with the ‘Silicon Valley Coin’, a security token built on the Blockchain. We combine our innovative investment strategy with technology, world-class partners, and a fund structure with tradeable interests to achieve higher returns and lower risks—comparable to top-tier venture capital firms,” stated Haydar Haba, Managing Partner at Andra Capital.
To provide the best-in-class professional management, oversight, and transparency, Andra Capital has partnered with:
- DLA Piper serving as legal counsel,
- Deloitte serving as the Fund’s auditor,
- Duff & Phelps overseeing valuation and compliance, and
- Apex for fund administration.
“We’re seeing great traction among the institutional and token investors alike. They’re attracted to the fact that our ‘Silicon Valley Coin’ is secure, generally transferrable, and asset-backed. The value of our coin is tied to the Fund’s investments as each token represents a unit of interest in the Fund. Perpetually evergreen, the Andra Fund is always increasing in value and growing in AUM size,” said Hermann Liu, Managing Partner at Andra Capital.
You can learn more about Andra Capital Sillicon Valley Coin in their whitepaper here.