London-based Vauban has raised £4.7 million in a new funding round. The company provides an end-to-end solution for VCs and angel investors to set up, deploy and manage Funds and SPVs online, all at breakneck speed. The startup intends to use the funding to further enrich its tech and regulatory infrastructure as well as launch a new office in Luxembourg to strengthen its continental European offering.
Based on the mammoth €41.8 billion raised by European companies in the first half of 2021, Vauban wants to make the pain points between those that have capital and those who are using it to solve some of the biggest problems of our era a thing of the past. Or at least reduce the friction significantly.
The startup claims that they’re onboarding at least one new client a day, and over $1 billion has been invested since its launch. Users include Anthemis, Passion Capital, and Octopus Ventures. In total, the platform counts over 5,000 LPs making use of its offer.
“When raising capital, VCs are obliged to undertake a countless number of time-consuming, long-winded, and expensive processes. This deters many prospective managers from raising a fund, and therefore prevents many founders from getting funded,” explained founder and co-CEO Rémy Astié. “So, we decided to rebuild the infrastructure on digital rails, because it's mission-critical in order to provide a great UX to everyone in the industry: GPs, LPs, and Founders.”
Vauban’s £4.7 million in funding arrives via co-leads Pentech and Outward, and saw participation from 7percent Ventures and MJ Hudson. Angel investors include Nested CEO Matt Robinson, Grabayo founder Will Neale, ComplyAdvantage founder and CEO Charles Delingpole, Augmentum Fintech partner Perry Blacher, and Al Giles, from legal services provider Axiom.
On the raise Outward VC’s Andi Kazeroonian commented, “Despite the meteoric growth in alternative investments in recent years, the infrastructure the industry relies on has failed to evolve. Simply creating and administering an investment vehicle remains synonymous with lengthy, cumbersome, and expensive processes fragmented across multiple service providers. Vauban’s integrated platform has turned this on its head with a relentless focus on product and user experience, which has unsurprisingly led to exceptional organic growth and its emergence as the standout category leader in Europe.”