Backed by Twitch Co-Founder Kevin Lin, Revere VC want to turn VC investment as easy as like buying ETF
Revere VC, a San Francisco and Hong Kong based asset management firm, announced the launch of its flagship products and services: "The Portal,' a curated VC platform. In addition, Revere also announced the close of its seed round at $1.35 million, with participation from strategic equity investor AngelList, and Twitch co-founder Kevin Lin.
"We are approaching the 'Vanguard' moment for venture capital, where exposure to the asset class will increasingly be through novel investment products as opposed to the very limited ways we currently have to invest," said Eric Woo, co-founder for Revere VC. "For us, it's all about bringing the most interesting and innovative ideas, in particular emerging managers and our investment products - to the fingertips of the modern asset allocator."
Vanguard, an investment company, is the largest provider of mutual funds and the second-largest provider of exchange-traded funds(ETF) in the world. founder of Vanguard John Bogle known for creating the first index fund available to individual investors.
Revere specializing in venture capital and innovation investing. Its pioneers turn-key fund products that apply index and ETF investing methodologies for investors with sector and thematic exposure to venture capital.
Through its "Prime Access Fund," "The Portal," and other fund products in development, Revere VC provides investors immediate access to a vetted, curated and targeted menu of venture capital investment opportunities. These products enable investors to build a balanced portfolio similar to how they approach public markets, eliminating the current difficulties in accessing "name brand" funds and relying on questionable crowdfunding platforms, fee-intensive brokerage channels, and inconsistent word-of-mouth referrals.
Through Revere VC's product offerings, modern investors ranging from high-net worth individuals, single family offices and wealth advisory firms to large financial institutions, private banks and global asset management firms will have a comprehensive and curated path to investing in top-tier venture capital opportunities.
Since launch, Revere VC's portal is oversubscribed by 4x with a running waitlist that extends to four continents and 13 cities, with strong interest from both the supply side, consisting of emerging managers and deal sponsors, as well as the demand side, primarily consisting of family offices, wealth management firms and advisory firms.
Kevin Lin, Twitch co-founder and Revere VC seed investor said, "As a child of immigrant parents, who worked tirelessly in pursuit of access and opportunity, I believe that technology is a positive amplifier in our lives and amazing people building challenging technologies make the world better. Revere's technology and product offerings, many of which have a social impact, sustainability and diversity & inclusion focus, is an example of this positive amplifier and serves to improve access to the investment world."
The company also announced a raft of its advisory appointments in the last week, including noted Silicon Valley VC investor and advisor Pankaj Shah, Liberty Media Board member and former CEO of NBA China Derek Chang, Kevin Lin, and Ariel Shtarkman, as well as venture partners focusing on Europe, Latin America, Asia, MENA, secondaries, healthcare and cryptocurrencies.