Vauban, a venture capital company based in London closed off a post-seed investment round at $6.3 million. The company intends to expand its technology and regulatory infrastructure to Luxembourg to bolster its European offering.
The company which offers services similar to AngelList ran series-A funding and attracted investors such as Pentech and Outward, 7percent Ventures, and MJ Hudson, who lead the financing round. Matt Robinson, CEO of Nested; Will Neale, founder of Grabayo; Charles Delingpole, founder and CEO of ComplyAdvantage; Perry Blacher, Partner at Augmentum Fintech; and Al Giles, as well as legal services provider Axiom, to mention a few.
Vauban allows venture capitalists and angel investors to raise funds, form syndicates, and manage fundraising and investing activities. It offers users the opportunity to set up and deploy Funds and SPVs from several global investment jurisdictions within a short period and reduced rate, such as, which includes structuring, legal documentation, investor onboarding, banking, and reporting.
The company boasts of 5,000 LPs using the platform as well as gaining at least one customer per day, evidenced by its Venture Capital clients ranging from Anthemis, Passion Capital, and Octopus Ventures.
Founder and co CEO, Rémy Astié, said the goal of the company was to bridge the gap between companies who need investment and potential investors. Saying the company decided to rebuild its infrastructure in the digital rails to deliver an effective UX to all players in the sector.
Vauban came on board at a time when European technology was experiencing a lot of investment loss. In the first quarter of 2021, the continent had recorded a jump as it raised €41.8 billion against €32.6 billion in 2020.
According to some investors, Vauban has the prospects for more widespread acceptance as investors in Europe are becoming increasingly professionalized and syndicating deals to increase deal making and deal flow.
In his remark, Founder and Co-CEO, Ulric Musset said Vauban could spark a similar fire in the startup scene as the launch of the Amazon web services in the year 2000, which spurred a large number of new business formations.
An investor from Outward VC said with Vauban’s focus on product and user experience, the integrated platform has received a facelift, defiling the static infrastructure with which business was being performed, which resulted in tremendous organic growth and the company’s emergence as the category leader.