funds Venture Fund I

Venture Fund I

Fund Objective

Numeri’s Venture Fund I is an actively managed and discretionary investment vehicle that offers investors broad exposure to startups, firms and companies, including those offering products and services based or reliant on blockchain technology. It invests primarily in early stage startups that are capable of growing exponentially and driving crypto adoption globally, in a manner that is consistent with the Fund’s investment strategy.

Target Returns:

25%

Term:

5 years

Offering Size:

$300m

Status

Open

Remaining

98%

Fund Strategy

The Fund seeks to invest in innovative startups and firms that Numeri believes are capable of solving problems, growing exponentially and having a transformative impact. It will invest in all kinds of startups, with a focus on ventures founded or run by teams that can execute quickly and iterate consistently regardless of underlying market conditions.

The Fund will be managed by Numeri’s world class portfolio management team, who will oversee all aspects of decision making as regards what companies are backed by the Fund. The Fund will seek to hold at least 10% of its total net asset value in cash or cash equivalents, and intends to hold portfolio that comprises of 15-100 companies, each of which will first pass through a fundamentals based valuation process to determine their intrinsic value.

Our Strategy for the Fund is underpinned by our belief that there are opportunities yet to be fully explored and maximised in many industries, and that investing in these opportunities will yield the most value since they are poised to be the key drivers of growth in the global economy over the next decade.

Fund details

Inception Date

May, 2023

Minimum Investment

$500,000.00

Investor Type

Accredited Only

Redemptions

Quarterly, 7 days' notice

Management Fee

2%

Performance Fee

20%

IRA Eligibility

No

Term

5 years

Target Return

25%

Lock-Up

90 days

Key Information

Premise

Essentials

Please refer to the Private Placement Memorandum in the Documents section for more details about this Fund.

Long term investment horizon
  • The Fund is expected to invest broadly in all kinds of cryptoassets, some of which it may hold for an extended period of time.
  • The Fund has a term of 5 years. It is anticipated that Numeri will liquidate 50% of its investment in year 4, with the remainder liquidated in year 5 - however, Numeri in its sole discretion may extend or accelerate the Fund’s liquidation, or delay it till the 5th year. Numeri Capital believes that gradual liquidation should reduce market timing risk.
Returns and cash flows

How do I get paid?

  • The Fund expects to provide investors with a target net return of 25%.
  • Numeri expects to liquidate half of their investments by year 3 and the second half of the investment in year 4 (or, year 5, if necessary). Numeri may also fulfil quarterly redemption requests, as per its investment terms.
  • After an initial investment, the Fund will deduct a portion of or all of its management fees....see more
Strong fund and digital asset compliance infrastructure
  • Assets are stored by Numeri on Binance and other SOC-1 compliant digital asset storage providers, thus offering what is expected to be a high level of security.
  • For any transaction, stringent security protocols are followed, including geo verification, ID verification and video verification.
  • Numeri actively monitors and and tracks suspicious movements in coins/tokens prices and ut...see more

Disclosure

Past performance is no guarantee of future results. Investing in cryptocurrency is highly speculative, and the market is largely unregulated. The returns stated are targets, not guaranteed profits

This offering page describes only certain aspects of the Blockchain Fund managed by Numeri Capital Management LLC (the “Fund”). The Offering is made to accredited investors and qualified purchasers only by means of the Private Placement Memorandum dated April 1, 2022 relating to the Offering (the "PPM"); and nothing in this page should be considered an offer, or be construed as anything other than a description of the offering. The information on this offering page is a summary of the Offering. It does not purport to be complete and should not be considered a part of the PPM, or as incorporated in the PPM by reference or as forming the basis of the Offering. No person has been authorized to give any information or to make any representations other than those contained in the PPM or in any marketing or sales literature issued by the Fund or Numeri Capital Management LLC, as adviser thereto, and referred to in the PPM, and, if given or made, such information or representations must not be relied upon. All investors must read the PPM in its entirety prior to investing in the Fund.

Fund Documents

Apply and receive our comprehensive Fund document in your email.

Request for Fund Documents
Strong fund and digital asset compliance infrastructure
  • Assets are stored by Numeri on Binance and other SOC-1 compliant digital asset storage providers, thus offering what is expected to be a high level of security.
  • For any transaction, stringent security protocols are followed, including geo verification, ID verification and video verification.
  • Numeri actively monitors and tracks suspicious movements in coins/tokens prices and utilizes separate servers for their company and the assets of the funds.
  • Numeri primarily uses cold wallets to store their tokens. Coins not supported by centralized exchanges are kept by Numeri in self-custody in a cold wallet where possible, keeping the keys to the crypto offline, except during the transaction process.
  • Numeri maintains cybersecurity and litigation insurance policies. Any Custodians used by Numeri also has asset level insurances.
Returns and cash flows

How do I get paid?

  • The Fund expects to provide investors with a target net return of 25%.
  • Numeri expects to liquidate half of their investments by year 3 and the second half of the investment in year 4 (or, year 5, if necessary). Numeri may also fulfil quarterly redemption requests, as per its investment terms.
  • After an initial investment, the Fund will deduct a portion of or all of its management fees. As target returns are received by the Fund from the Blockchain Fund Strategy, Numeri’s management fees and fund expenses will be deducted first, and then capital contributions will be returned to investors. Next, the remaining proceeds are paid to investors up to a 25% return (Investor Preferred Return) on invested capital. Additional remaining proceeds are paid to Numeri until it has received an amount equal to 10% of proceeds distributed to investors (net of capital contributions), and then all remaining proceeds (Profit Sharing) are split between investors (80%) and Numeri (20%). Please also refer to the Private Placement Memorandum for additional details regarding the Fund’s prioritization of distributable proceeds

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