Vauban, a solution helping investors back private companies, is launching its first online platform for creating Special Purpose Vehicles (SPVs) in Luxembourg.
Aimed at venture capital investors, the platform aims to lower the cost of setting up an SPV, which are currently estimated at around €100,000.
“By launching a digital solution for European investors we have substantially reduced the cost and therefore increased the utility of LUX SPVs. VCs can also spin up these vehicles in 5-10 business days instead of weeks if not months,” Vauban co-founder and co-CEO Ulric Musset said.
Vauban said that it chose to host the European SPV management and launch platform in Luxembourg because it is the preferred jurisdiction for many large European LPs, which “means we can accommodate more VC managers and family offices across Europe.”
Vauban offers an all-in-one integrated solution to form syndicates, VC funds and co-investment SPV programmes built for global deals.
The platform simplifies back office processes for VCs, including legal, capital calls, financial report, banking and LP onboarding.
Acquired by cap table management and valuation software company Carta at the end of June 2022, Vauban has facilitated more than $1bn of capital invested in companies including Revolut, Bolt and Airbnb.
