SeedInvest Chooses Assure to Administer Legacy Equity Portfolio
Assure will administer all SeedInvest legacy equity positions after SeedInvest’s acquisition by leading cryptocurrency company Circle
SALT LAKE CITY and NEW YORK (08 March, 2019)–Assure, the leading provider of special purpose vehicle (SPV)administration and transaction services for the private investment marketplace, has been selected by SeedInvest to provide comprehensive administration services for the firm’s entire legacy portfolio of equity positions.
Assure Services, a pioneer of administrative services for the private investment marketplace, is the worldwide industry leader in special purpose vehicles (SPV) management, with more than 3,600 SPVs under management.
“It is an honor to be chosen by SeedInvest to administer its legacy portfolio,” said Jeremy Neilson. “This is a compelling opportunity for our team. SeedInvest has built an exceptional network of investors and deal flow, and Assure has the right people and processes in place to manage this diverse workflow efficiently and effectively.”
SeedInvest, founded in 2012 by Ryan Feit and James Han, has been highly influential in making investing and fundraising simple and accessible, for the benefit of both entrepreneurs and investors. The firm’s founders were instrumental in the passage and implementation of the market-transforming Jumpstart Our Business Startups Act (JOBS) Act of 2012, including the CROWDFUND Act (Title III). In 2015, SeedInvest became the first equity platform to enable investment in startups to the 98 percent of Americans to whom it was previously prohibited. Since its inception, SeedInvest has built a network of more than 250,000 investors and has helped hundreds of companies raise capital.
Under terms of the agreement, Assure will perform essential administrative functions for the entire SeedInvest legacy portfolio.
The SeedInvest contract is the latest significant win for Assure, which recently announced an agreement to administer the entire portfolio for RealtyShares. For additional information, visit www.assure.co.
Assure is the leading provider of outsourced administrative and transaction services for the private investment marketplace. The company offers professional, high-quality services and innovative software that streamlines setting up, closing and managing back-office fund administration for angel and private asset investing. Assure’s experience and volume significantly outpaces other fund administrators. Their approach, which allows clients to structure and close deals faster, cheaper and with more transparency, helped pave the way for the ascendance of the “super angels,” special purpose vehicles and micro VCs. The company has worked with more than 200 clients, including AngelList, EquityZen, Equidate, Tribeca Angels, Launch and Bitwise, structuring and closing over 3,600 deals with over $2.5 billion assets under management. Assure offers a full suite of services including special purpose vehicle administration, fund accounting and fund taxes, cryptocurrency fund administration, Exempt Reporting Advisor (ERA) services, KYC/AML services, 506(c) accreditation and bookkeeping. For more information about Assure, visit www.assure.co.