Silicon Valley's F50 rolls out syndication platform
F50, a Silicon Valley-based venture capital (VC) startup and private co-investment platform, has announced the beta launch of co-investment Syndication Platform. The first syndication of F50 was oversubscribed. F50 facilitates both the online and offline transactions for investors and startups. It doesn't charge a transaction fee to founders.
F50 has commenced syndication for its exclusive investor network, including funding of $1 million to $5 million for startups raising Series A and B rounds. F50 has already commitments to invest over $1 million in Knightscope's Series B round of funding.
Yahoo Finance reports that F50 Syndication Platform is syndicating larger amounts in the range of $1 million to $5 million for select highly potential technology startups raising Series A and B rounds. The participants in F50 Syndication Platform should be accredited investors only.
David Cao, Founder and CEO of F50, said they are "deeply committed to raising capital for the best Silicon Valley startups and connecting them with a high-caliber group of strategic and global investors within the F50 Investor Network."
F50 is extending funding support to Knightscope, which has developed technology to identify and prevent crime utilizing autonomous robots. F50 identifies highly potential and technology innovative startups for funding. It doesn't charge transaction fee and will only syndicate companies that offer value proposition, a competitive edge and proven traction in their markets, according to PR Newswire.
"Our first syndicate was successfully oversubscribed which is a strong indicator of our Investor Network's thirst for investing in high quality startups. We are excited to continue this momentum with future syndicates," said Cao. F50 Syndication platform enables investors to connect with founders. The high-net worth investors and entrepreneurs can go beyond online process using the syndication platform as it facilitates online and offline transactions.
Established in March 2014, F50 has a wide global network spanning over strategic investors, venture capitalists, angels and corporate investors. It facilitates all the participants to network on its platform and enables them to fund startups and invest in Silicon Valley venture funds, as reported by CBS8.
F50 platform has Chinese investors as well. It has also model of funding that incorporates both offline and online connections. Its own F50 Venture Fund frequently co-invests with its investor network. F50 is planning to develop several functions and add more features to its syndication platform. It's in the process of making syndication platform to make it much easier access to founders, who can launch their venture financing campaigns on the platform.