Allocations was founded to provide a faster, more efficient method to set up investment vehicles for startups with tight funding deadlines.
Allocations founder and CEO, Kingsley Advani, worked with attorneys to set up Special Purpose Vehicles (SPVs) to make investments, but the process was more time consuming and costly than it needed to be.
Kingsley’s idea was to create an automated process that removes much of the time-intensive manual paper filing, which brings costs down and increases efficiency for creating SPVs.
Speed can be a determining factor for a fund manager, allowing them to get into a deal when a startup needs capital as soon as possible.
Allocations can help Fund Managers set up their SPV, accept money, and wire out to a portfolio company in a matter of days and even hours, rather than weeks.