VCs invest in startups that disrupt industries and reinvent the world we live in, generating billions of dollars in the process. So it’s remarkable to see how the world of venture capital itself has remained untouched by technology for so many years.
Enter the blockchain.
SPiCE’s vision is to utilize blockchain technologies to disrupt the venture capital industry with the first truly liquid and inclusive VC fund, issuing regulatory-compliant securities tokens. SPiCE tokens will be trade able, and will entitle holders to 100% of net exit revenues.
SPiCE Fund Summary:
SPiCE aims to be one of the most active pre-round-A/ICO VC in EU and Israel, and become the
gatekeeper for the best companies in this critical stage in the life of start-ups, when they make the biggest
jump in value.
– Fund size up to $100M
– Three General Partners, a CTO, one Senior Associate, and a team of domain experts as advisors.
– Targeted number of investments: 28.
– The fund is designed as a 7 year fund: 3.5 years of new investments, and 3.5 years of follow up
investments and portfolio management.
– Typical investment: $1-2M, typical equity stake: 20-25%.
– We are open to investing in both types of startups, those opting for VC rounds and those opting
for an ICO/STO – whichever suits the specific company and market conditions best.
– We will follow up on successful A-Rounds and ICO/STOs, and will be open to taking both equity and
tokens when relevant.
– Projected geography split: 80% for companies in Israel and the UK, and 20% for the rest of
Europe. This may change over time.
– Management fee budget and other costs, equal to 2.5% per year on average across the life of
the fund (higher initially, to account for the initial set up costs, and coming down over the years).
– Carried interest to general partners at 15% to be only paid after 100% of the fund investment
returned by exits.
– Token allocation of 7.5% for platform development, partners, employees and advisors.
– Token allocation of 7.5% to general partners with a vesting period of 3 years.