SALT LAKE CITY and WASHINGTON, Nov. 14, 2017 /PRNewswire/ -- Assure Services and Startup Angels today jointly announced the launch of VentureFast, the first market-standard, end-to-end suite of fund-formation and administration services at small firm-friendly pricing.
VentureFast was developed by two pioneers of the private equity industry. Assure Services is the administrative, accounting and compliance services leader who developed and manages the renowned LLC/SPV syndicate administration services platform used by AngelList, SeedInvest, EquityZen and many others. Startup Angels is the creator of a one-of-a-kind global content and fundraising platform developed to foster and accelerate startup capital growth in promising regions traditionally underserved by venture capital.
"This is a time of extraordinary opportunity in the private investment world," said Jeremy Neilson, founder and CEO of Assure Services. "We are genuinely excited to work with the Startup Angels team to remove bottlenecks that delay and inhibit promising venture funds from getting to market, executing their vision and making a real impact."
"Working with hundreds of fund managers, one of the most consistent concerns we hear is how difficult it is for small funds to find affordable, high-quality services," said Mack Kolarich, co-founder and VP of product at Startup Angels. "With VentureFast, we're developing the infrastructure around innovation capital that startup investors and their LPs need to change the world."
Inspired by organizations like Techstars and Y Combinator, who led the way in standardizing seed stage deal documents for entrepreneurs, Startup Angels and Assure Services designed VentureFast to offer best-in-class services to venture partners around the country.
"As we navigate the entrepreneurial landscape, it's clear that there are strong support networks and infrastructure in place for entrepreneurs, but not for investors," said Leslie Jump, co-founder and CEO of Startup Angels. "VentureFast enables fund managers to hit the ground running, with the confidence that their fund documentation and administration will be done right, and at a workable price."
Another major advantage that VentureFast clients enjoy is access to the insights Assure and Startup Angels continue to develop in the rapidly evolving private investment market.
VentureFast has two primary service options: VentureForm and VentureManage.
VentureForm is a fund formation package that begins with a complete set of venture capital documents with market-standard terms, and can be customized to meet specific fund manager needs. VentureForm includes state and federal registrations and filings, as well as fundraising administration services.
VentureManage is a comprehensive accounting and administration "virtual CFO" that can handle all ongoing back office needs, from financial statements, to capital account tracking and capital call support.
All VentureFast services are currently available. For additional information, including product and pricing, visit https://marketplace.startupangels.com/venturefast/.
About Assure Services
Assure Services (www.assure.co) is the pioneering provider of the most complete administrative, accounting and compliance services in the private-transaction investment marketplace. Because of the firm's industry-unique combination of diverse expertise, efficiency and value, Assure manages more financial transactions than any other firm of its kind for fund managers, angel groups, special purpose vehicles and equity crowdfunding platforms. Assure team members have provided key support and leadership for some of the world's most innovative and dynamic industry initiatives: including launching and managing the State of Utah's $300 million Fund of Funds program; due diligence and counsel for the U.S. Small Business Administration's $1-billion early-stage venture capital initiative; and creating the LLC syndicate (SPV) administration service used by AngelList, SeedInvest, EquityZen and many others.
About Startup Angels
Startup Angels (https:// marketplace.startupangels.com) is the creator of an innovative global FinTech content and fundraising platform architected to expand the scope and reach of startup capital for venture capital firms, accelerators, angel groups and their limited partners and co-investors. The Startup Angels Marketplace, guided by hands-on involvement from the firm's leadership and staff, matches limited partners of all types and sizes with venture funds aligned with their financial and social impact aspirations. The firm's content and services are informed by a diverse group of global thought leaders and influencers. The principals at Startup Angels have developed relationships of trust with an extensive network of investors and leaders from 65+ startup markets across the U.S. and around the world.
Jeremy Neilson, CEO
Leslie Jump, CEO
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SOURCE Assure Services