The product targets venture capital investors who create and operate European-based funds from Luxembourg.
Vauban, a UK company specialized in end-to-end solutions for investment projects, expands its online fund management platform in Luxembourg.
The solution helps investors back private companies in launching and running venture investments. More specifically, the new product targets venture capital investors who create and operate European-based funds and special purpose vehicles (SPV) from the Grand-Duchy.
“The platform is an all-in-one integrated solution to form syndicates, VC funds, & co-investment SPV programs that are built for global deals,” a press release from the company details. “The application simplifies the back-office operations of VCs, including legal, capital calls, financial reporting, banking and LP onboarding.”
The solution “overturns the typical 12 month wait to set up a VC fund by rolling out its Luxembourg Fund Product for emerging managers at a fraction of the cost and 10X faster,” adds Jim Burke, Vauban’s marketing director.
“The time and costs associated with setting up a fund in Europe can be prohibitive for many venture capital managers, and the process can often take over a year, with costs averaging 100,000€,” Vauban’s co-founder Ulric Musset continues. “In the US, a more mature VC ecosystem, we see these figures dramatically reduced, and we hope that our new digital solution, along with our existing platform, can continue to create an easier & faster way to launch a VC fund in Europe.”
Luxembourg is the latest jurisdiction to be added to Vauban’s solution.
”Vauban has facilitated over $1bn of capital invested in companies such as Revolut, Bolt and Airbnb,” the company claims in its press release.
The document explains that “the firms recently joined Carta, an equity management company, which works with over 4,500 funds representing over $92B in assets under administration on fund administration and more”.
