SAN RAFAEL, Calif., June 10, 2016 /PRNewswire/ -- BaseVenture announced today that it won the Red Herring Top 100 North America award. Red Herring announced its Top 100 award winners in recognition of the leading private companies from North America, celebrating these startups' innovations and technologies across their respective industries.
BaseVenture was selected by Red Herring for the Top 100 North America Award based on the company's innovative new Software-as-a-Service (SaaS) platform that is transforming private fund management and administration for the more than 40,000 private funds with less than $1B in Assets Under Management (AUM) in North America.
BaseVenture's "FundManager.io" platform simplifies, interconnects, and automates the operations of a private fund. The platform provides a "Command Central" in the cloud for fund administrators, private banks, and private fund managers to digitally manage their investors and funds, create & execute subscription agreements, streamline financial calculations, easily distribute K-1 and Capital Statements, manage key compliance activity, and more. This automated & secure platform brings together a powerful layer of data intelligence, workflow automation, financial calculations, digital reporting, information management, and collaboration. It simplifies and automates fund management and connects everyone involved - including fund managers, fund administrators, private banks, attorneys, accountants, investors and more.
"Winning the Red Herring Top 100 North America award is incredible validation of the huge impact that we are making on the alternative investment industry," said John Pizzi, CEO and Co-Founder. "We are honored and grateful to be recognized for the success of our award-winning 'FundManager.io' platform. FundManager.io is simplifying and automating the management and administration of private funds. And the result is that our clients spend less time on operational and compliance issues and more time generating growth."
Red Herring Top 100 America enlists outstanding entrepreneurs and promising companies. It selects the award winners from approximately 1,200 privately financed companies each year in the US and Canada. Since 1996, Red Herring has kept tabs on these up-and-comers. Red Herring editors were among the first to recognize that companies such as Facebook, Twitter, Google, Yahoo, Skype, Salesforce.com, YouTube, Palo Alto Networks and eBay would change the way we live and work.
"In 2016, selecting the top achievers was extremely difficult," said Alex Vieux, publisher and CEO of Red Herring. "The variety, depth, disruption and traction we saw from the early stage companies to those with significant scale made it one of the toughest vintages to judge. The North America winners are representative of the amazing ecosystem that never ceases to astound, with new and experienced entrepreneurs continuing to push the barriers of innovation. As one of the winners, BaseVenture should be proud of its accomplishment under such strong competition."
Red Herring's editorial staff evaluated companies on both quantitative and qualitative criteria, such as financial performance, technological innovation and intellectual property, DNA of the founders, business model, customer footprint and market penetration. This assessment of potential is complemented by a review of the track record and standing of startups relative to their sector peers, allowing Red Herring to see past the "buzz" and make the list a valuable instrument of discovery and advocacy for the most promising new business models in North America.
BaseVenture is a SaaS platform that simplifies and automates the management and administration for the more than 40,000 private funds (private equity, real estate, hedge funds and venture capital) in North America. Fund Administrators, Private Banks, and Fund Managers that use our "FundManager.io" platform stop worrying about their operations and have more time to focus on driving growth for their investors. Learn more at www.baseventure.com.