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Allocate banks $5m to open up venture capital fund access

San Francisco based provider of a platform that enables investors to discover and invest in high-quality venture funds raised $5m in Series Seed funding with participation by Urban Innovation Fund, Tusk Venture Partners, Basis Set Ventures, Liquid2 Ventures, Fika Ventures, Ulu Ventures, Anthemis Group and Broadhaven Ventures.

“With the market the way it is, the number of accredited investors is expected to grow by 50% by 2025, ... There is a huge opportunity to unlock the market and have people participate." said Samir Kaji, co-founder.

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venture capital