# Allocations

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/allocations

- Industry: Financial Services
- Headquarters: Miami, US
- Website: www.allocations.com
- Total disclosed funding: $5M
- Latest round: Series A (Sep 15, 2022)
- Investors on record: 6

## About

Based in Florida, US, and founded in 2019 by Kingsley Advani (CEO), Allocations Inc., aka Allocations Fund Administration LLC, is a firm offering an application programming interface to private venture capitalists for streamlining the process of fund administration. The business accounts for more than 1000 private funds and more than 20,000 private investments serving a diverse spectrum of managers including family offices, angel investment groups, and venture capital funds like Backstage Capital, Vitalize Venture Group, and many more. In September 2022, Allocations Inc. raised USD 5 million in venture funding from DHVC, Flex Capital, Genesis Accel, The Garage Syndicate, W5 Group, and What If Ventures.

The firm offers a platform for fundraising (including venture funds, real estate funds, and crypto funds) to assist fund managers in the creation of special purpose vehicles (SPVs) such as venture SPVs, crypto SPVs, secondary SPVs, instant SPVs, real estate SPVs, acquisition SPVs, and custom SPVs, which enables them to secure financing from a particular investment from shared sources. The platform also provides investment alternatives for average investors as well as accounting and tax services for funds and SMBs (small and medium businesses).

Allocations generate revenue for its firm by charging for its subscription packages such as special purpose vehicles (SPVs), funds, accounting and tax, and migrations.

The company intends to use the funds raised in September 2022 to further expand its API (Application Programming Interface) offerings.

## Funding rounds

- Series A, Sep 15, 2022, $5M — DHVC, W5 Group, Flex Capital, What If Ventures, Garage Syndicate, Genesis Accel

## Investors

- DHVC (https://capitalatlas.ai/funds/dhvc) — Series A
- W5 Group — Series A
- Flex Capital — Series A
- What If Ventures (https://capitalatlas.ai/funds/what-if-ventures) — Series A
- Garage Syndicate (https://capitalatlas.ai/funds/garage-syndicate) — Series A
- Genesis Accel — Series A