FundersClub is an online investment platform and a manager of venture funds, not a conventional venture partnership. Its own homepage describes it as an online venture capital platform and states that "FundersClub became the first online VC firm in March 2012". Accredited investors join as members and subscribe to individual investment vehicles offered through the site, alongside pooled funds the firm manages. The firm's own about page states that it uses "software and community to source, vet, fund, and support" startups, that it accepts fewer than 2 per cent of the companies it reviews, that it runs an internal investment committee plus a panel review by hand-picked members, and that it "does not provide investment advice to investors". Its stated stage focus is Early Stage, Seed and Series A, and its stated geographies are Asia, Canada, Europe, Latin America and the United States. FundersClub Inc. is registered with the SEC and with California as an EXEMPT REPORTING ADVISER, not as a registered investment adviser and not as a broker-dealer: SEC staff granted FundersClub Inc. and FundersClub Management LLC no-action relief from broker-dealer registration under Section 15(a)(1) of the Exchange Act on 26 March 2013. Its Regulation D offerings are made through a large number of single-purpose "FundersClub [XXX] LLC" vehicles that each file their own Form D, and it also manages pooled funds filed as FCVC Fund II L.P. and FCVC Fund III L.P.
AUM65/100 Power Score™2012 FoundedSan Francisco, CA
FundersClub launches as an online venture capital platform; the firm's homepage states it "became the first online VC firm in March 2012" and its press page states it was founded in 2012.
2012
FundersClub Inc. (CIK 0001560729) files its first Form D with the SEC on 22 October 2012, from a Palo Alto, CA address.
2013
SEC staff issue a no-action letter on 26 March 2013 stating they will not recommend enforcement action under Section 15(a)(1) of the Exchange Act if FundersClub Inc. and FundersClub Management LLC conduct the described platform activities without registering as broker-dealers.
2013
FundersClub Inc. is recorded by IAPD as an Exempt Reporting Adviser with the State of California, effective 2 January 2013.
2014
FundersClub launches Partnerships, allowing outside venture firms, accelerators and angel investors to raise and run funds on the platform; TechCrunch covers the launch on 25 July 2014 and the firm announces it on its own blog on 18 July 2014.
2016
FundersClub Inc. is recorded by IAPD as an Exempt Reporting Adviser with the SEC, effective 31 March 2016, under SEC file number 802-107655.
2022
FCVC Fund III L.P. files a Form D on 16 June 2022 for an offering of up to $100,000,000; the filing names FCVC Advisors III LLC as general partner, FundersClub Inc. as manager of the general partner, Alexander Mittal as its CEO and Boris Silver as its President.