Stories of Technology, Innovation, & Entrepreneurship in the Southeast

Knoxville Business News Tennessee Mountain Scenery Background
May 09, 2022 | Tom Ballard

Allocate makes significant strides after six months in business

Allocate, a digital investment platform that provides investors a streamlined way to access top-tier venture funds and co-investments, has announced several significant milestones.

Founded in late 2021, the start-up has:

  • Onboarded more than 200 non-institutional investors, who have allocated over $125 million into venture capital funds through the platform; and
  • Raised a $15.3 million Series A funding round led by M13 with participation from Bedrock, SignalFire, and Intera Capital, and returning investors Tusk Venture Partners, Urban Innovation Fund, Fika Ventures, Anthemis, Basis Set Ventures, and Broadhaven Ventures.

As described in this news release, San Francisco-based Allocate is “an end-to-end platform that provides qualified investors with a streamlined way to discover, diligence, and access top fund manager strategies. The platform is specifically designed for advisors to easily implement private technology-focused products without the friction associated with sourcing and accessing the most promising funds.”


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