Allocate is an end-to-end platform that provides qualified investors with a streamlined way to discover, diligence, and access top fund manager strategies.
Allocate's platform is specifically designed for advisors to implement private technology-focused products without the issues associated with sourcing and accessing the most promising funds.
Allocate was founded in 2021 by Samir Kaji and Hana Yang. The company is headquartered in Menlo Park, California.
Allocate’s platform curates venture fund products for wealth advisors, family offices and qualified individual investors based on their investment objectives, and any pre- and post-investment transactions and reporting activities are completed on the platform.
Allocate's platform works by automating product discovery, KYC and AML, subscription documents, capital calls, and investment management. As the platform aggregates investor capital into Allocate feeder vehicles, investors can invest in top opportunities at low minimums with the purchasing power of institutions.
Allocate has onboarded over 200 family offices and wealth advisory firms, who have allocated over $125M to products listed on the Allocate platform. The platform has over 600 investors on the waitlist.
Allocate is backed by M13, Bedrock, SignalFire, Urban Innovation Fund, Tusk Venture Partners, Basis Set Ventures, Intera Capital, Liquid2 Ventures, Fika Ventures, and others. The company raised $15.3M in Series A round on May 04, 2022. This brings Allocate's total funding to $20.3M to date.