SAN FRANCISCO--(BUSINESS WIRE)--Andra Capital is announcing the offering of its asset-backed security token, Silicon Valley Coin (SVC), to qualified purchasers in the U.S. and permitted investors worldwide. The Fund plans to invest in shares of private pre-IPO late stage technology companies, representing a more than $500 billion asset class.
The company has successfully completed its private presale and has issued its Private Placement Offering Memorandum. Today it opens the offering of 1,000,000,000 Silicon Valley Coins. The Andra Fund is tokenized (via Ethereum ERC20) on the blockchain with the Silicon Valley Coin (a tradable security token) which represents ownership interest in the Andra Fund. Purchases of the SVC in this offering can be made in United States currency (“USD”), Bitcoin (“BTC”), or Ether (“ETH”).
Andra Capital seeks to invest approximately 80% of the Fund’s capital in leading late stage private technology companies, notably those in funding stages Series C or later. Andra seeks to use approximately 20% of the Fund’s capital to make opportunistic investments on a discretionary basis, which may or may not include buybacks of SVCs; investment in proven blockchain companies, and earlier stage companies that have demonstrated traction and a potential to achieve breakout success.
“We believe Andra Capital will become a leader in the space due to our strong deal flow, proprietary selection criteria, and screening of late stage technology companies. The Andra team has the ability to actively construct a uniquely risk-adjusted and diversified portfolio,” explained Hermann Liu, Andra Capital’s Managing Partner.
With a commitment to best-in-class professional management, oversight, and transparency, Andra has partnered with DLA Piper as legal counsel; Deloitte & Touché LLP as the Fund auditor; an independent valuation and compliance firm, and Apex Fund Services for Fund administration.
Additionally, Andra capital is actively pursuing collaborations with exchanges and distribution partners to provide extended access for the Silicon Valley Coin to permitted global investors.
“We are leveraging the power of the blockchain to democratize venture capital via our Silicon Valley Coin. Andra Capital’s goal is to provide access to late stage high-growth pre-IPO technology companies by combining our investment strategy, technology, and world class service providers,” stated Haydar Haba, Managing Partner at Andra Capital.
About Andra Capital
Andra Capital is breaking the mold of traditional venture capital investing by leveraging the blockchain through its Silicon Valley Coin (“SVC”). Our innovative Silicon Valley Coin, which represents ownership interest in the Fund, is a tradable security token. A major advantage of tokenizing the Fund is that it decentralizes venture funds and aims to connect technology companies with investors worldwide.
Press Release Disclaimer: This is a paid release. Readers must make their own decision whether the SVCs meet their investment objectives and risk tolerances. Readers are also required to inform themselves about and to observe any and all legal restrictions, including restrictions on the transferability of SVCs. Some of the statements in this release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties.