Kerdo
— Investments · 02

Venture

Growth-stage companies, accessed alongside established lead investors and held at your own bank.

Growth stageCo-investmentLonger horizon

Venture rounds are usually led by a specialised investor who negotiates the terms and sits on the board. Other investors can participate in the same round on the same terms, when an allocation is available.

Where Kerdo has access to such an allocation, it structures the participation as a security for professional investors, on the terms of the round. The rights attached to the shares and the costs are set out in writing before subscription.

— Types of transaction

What it can look like.

Co-investment

Participation in a round led by an established venture investor, on the terms of the round.

Extension

Participation in an extension of a round already closed by the lead investors.

— Process

Step by step.

  1. 01

    Selection

    Kerdo reviews the company, the lead investor and the terms of the round.

  2. 02

    Structuring

    A dedicated structure subscribes the shares, or the instrument offered in the round.

  3. 03

    Subscription

    You subscribe the security through your bank, on the terms of the round.

  4. 04

    Exit

    Proceeds from a sale, a listing or a secondary transaction are paid to noteholders.

— Points to consider

Risks.

The risk factors of each transaction are set out in its documentation, which prevails.

  • Earlier-stage companies carry a higher risk of failure, and a total loss of the investment is possible.
  • Later funding rounds may dilute the position or be raised at a lower valuation.
  • The time to an exit is typically long and uncertain.
  • The compartment may not take part in later rounds, unless provided for in the documentation.
— For whom
  • Family offices
  • Professional investors with a long horizon
— Other areas
Pre-IPO & secondariesRead →Private equity & club dealsRead →Capital marketsRead →

General information for professional investors about an area of activity. It does not present or offer any specific transaction. Transactions are shown only to registered members in the Kerdo platform, on the basis of the documentation of each series.

— Contact

Questions on venture?

A question on a transaction, on access for your clients or on a company you would like to present.

info@kerdo.io

— Members

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