SPV platform Vauban raises £4.7 million to make easier for VCs and angel investors to raise capital

London-based tech startup Vauban has raised £4.7 million in a new post-Seed funding round. The round was led by Pentech and Outward, with participation from 7percent Ventures and MJ Hudson as well as prominent angel investors from various companies such as Matt Robinson the CEO of Nested,Will Neale from Grabayo and others. The company will use the funding to further develop its tech and regulatory infrastructure with plans on launching new offices in Luxembourg for a a further European expansion.

Founded in March 2018, Vauban is reshaping the world of private investing. Their platform makes it easier, faster, and more cost-effective for anyone to co-invest in private companies. Investors as well as startupers can easily create their Syndicate online, start sharing their deal flow and let their network co-invest with startups. The platform claims it enables users to set-up and deploy Funds and SPVs, from multiple global investment jurisdictions, covering structuring, legal documents, investor onboarding, banking, and reporting.

“When raising capital, VCs are obliged to undertake a countless number of time-consuming, long-winded, and expensive processes. This deters many prospective managers from raising a fund, and therefore prevents many founders from getting funded,” explained founder and co-CEO Rémy Astié. “Our goal is to reduce the friction between those who have the capital, and those who need it to solve humanity’s biggest problems. So, we decided to rebuild the infrastructure on digital rails, because it’s mission-critical in order to provide a great UX to everyone in the industry: GPs, LPs, and Founders.”

Vauban claims that they’re onboarding at least one new client a day, and over $1 billion has been invested since its launch. Users include Anthemis, Passion Capital, and Octopus Ventures. In total, the platform counts over 5,000 LPs making use of its offer. Vauban has appeared at a time when there is huge investment activity in European tech. Some €41.8bn was raised across Europe in the first half of 2021, up from €32.6bn in 2020.

Rémy also explained: “We are different to AngelList in that we are very international and global by design. The idea is to create a global platform, which means that you can raise from LPS anywhere in the world, to invest in a company that’s anywhere in the world. And yeah, we think that’s our core strength, that we build everything with international LPs in mind, so you can raise in multiple currencies.”

Source: TechCrunch “Vauban, and AngelList-like platform for VCs and angels to run and raise funds, closes $6.3m”

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