LetsVenture launches platform for HNIs, family offices to invest in startups

Deals syndication platform LetsVenture has launched a brand new product, LetsVenture Plus, which is able to permit ultra-high net-worth people (UHNIs) and family offices to invest in progress stage startups, in addition to come in as Limited Partners in international funds.
The invite-only platform, which is at present in stealth mode however is anticipated to be formally introduced later this week, already has about 500 customers. It has launched a number of offers, together with an unique allocation in a world enterprise capital fund, amongst others. LetsVenture has, nonetheless, not disclosed the title of the fund.

The platform, based in 2013 and backed by Accel Partners, Chiratae Ventures, Ratan Tata and Nandan Nilekani, amongst others, has introduced on board Nimesh Kampani, who was previously with Kotak Mahindra Bank, to head the brand new product.

“There was a need to cover the entire startup ecosystem, and what LetsVenture Plus will do is, look at all Series B transactions, and going all the way up to the unicorns. We will look at allocations for funding, and raise it from our network of investors,” Kampani advised ET.

The platform goals to convey curated and unique alternatives to HNIs and family offices at ticket sizes that swimsuit them and supply them entry to an asset class that continues to stay inaccessible, in accordance to Shanti Mohan, chief govt of LetsVenture.

“Family offices and UHNIs typically get access to growth-stage companies, or unicorns, by being an LP in a fund. We want try and break that information and price arbitrage in the marketplace, and bring in greater transparency across the board,” Mohan mentioned.

This is the second product launched by LetsVenture in 2020. In January, ET was the primary to report that the offers syndicate had launched MyStartupEquity, its worker inventory choices and cap desk administration product, and which was additionally the primary such concerted effort in the nation’s ecosystem to digitise, handle and liquidate startup worker inventory grants.

The successive launches are a part of LetsVenture’s overarching technique of being an all-round personal capital markets companion for all the ecosystem.

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