San Francisco, CA, July 13, 2016 --(PR.com
)-- KXTER Advisors LLC, a venture capital firm headquartered in San Francisco, announced today that it has made an allocation of its flagship fund available to accredited investors exclusively on WeFunder at http://www.wefunder.com/kxter
Founded in 2014 by successful serial entrepreneurs Thomas Schneider, Rickard Antblad and James Brett, the new crowdfunded venture fund, today for the first time offered a look at elements of its investment strategy at www.KXTER.com
, including the investment portfolio which includes notable billion dollar startups like Palantir Technologies.
New industry features of KXTER’s fund include the ability for every American investor to invest in fully vetted venture backed companies, no longer being limited to institutional investors. The company has also negotiated with a leading San Francisco based trust company to allow individuals to invest via their Individual Retirement Arrangements (IRAs). The open door attitude is a reflection of the KXTER brand and its mission to give access to everyone and to create a more reliable investment product than is currently available on other crowdfunding sites.
"We simply want to make venture capital investments accessible and better – today's crowdfunding investor is paying an exorbitant amount of hidden fees to numerous middle-men for questionable investments that eat away at returns,” said KXTER’s Managing Partner and Chief Marketing Officer Rickard Antblad. “As we grow, members can expect KXTER to deliver future innovation that ensures the venture capital investment experience keeps getting better and better."
The KXTER Fund
The KXTER Fund was developed with the goal of providing every investor in America access to fully vetted venture capital investment opportunities, independent of their net worth and how much they want to invest. The fund was designed with the help of Atlantic Fund Services, Greenough Consulting, Norton Rose Fulbright and Royse Law. The result is an ultra-efficient cost structure that most crowdfunding sites can’t compete with, including automated handling of administration, capital calls, distributions, tax/K-1 preparation and investor reporting.
Key differences of Kxter Fund One:
- Minimum investments as low as $100 dollars.
- Independent venture fund that acts like an aggregator by investing in a large basket of companies.
- Small 1.5% management fee and no carried interest.
- Managing partners are fully invested in the fund themselves.
The Fund allocates 80% of its assets among multiple technology strategies with a specific focus on startups and growth companies based in the United States, backed by:
- Top 20 venture funds in the San Francisco/Bay area.
- Top 10 startup incubators and accelerators in the United States.
- Leading bay area angel groups and investment syndicates.
- California based crowdfunding syndicates with proven long term track records.
- Technology specific government and NGO grant organizations.
The fund has reserved 20% of its assets to be invested directly in early stage startups and innovation experiments.
For additional information, please visit the Company's website at http://www.kxter.com | Twitter: @kxterinc | Facebook: http://www.facebook.com/kxterinc
Forward Looking Statements: This press release contains forward looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements included in this report, other than those that are historical, are forward looking statements and can generally be identified by words such as "may," "could," "will," "should," "assume," "expect," "anticipate," "plan," "intend," "believe," "predict," "estimate," "forecast," "outlook," "potential," or "continue," or the negative of these terms, and other comparable terminology. Various risks and other factors could cause actual results, and actual events that occur, to differ materially from those contemplated by the forward looking statements. The Company undertakes no obligation to update the information in this press release to reflect events or circumstances after the date hereof or to reflect the occurrence of anticipated or unanticipated events. You should consider the investment objectives, risks, charges and expenses of the fund carefully before investing. The Funds private placement memorandum should be read carefully before investing.
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