BaseVenture

BaseVenture provides a cloud-based, software-as-a-service (SaaS) platform designed to automate and streamline the administration and management of alternative investments. The company was founded in 2013 and officially launched in 2015, establishing its headquarters in San Francisco. BaseVenture was acquired by financial services technology leader Fidelity National Information Services (FIS) on July 24, 2019.

The firm's core product, the FundManager.io platform, caters to fund administrators, private banks, and fund managers handling asset classes such as private equity, real estate, and hedge funds. It addresses key operational functions by providing investor reporting portals, relationship management tools, fundraising support, and operations automation. The platform's features include the ability to automatically generate complex legal documents, secure electronic signatures, and manage financial transactions like capital calls and distributions. It also offers a secure vault for document sharing, tax reporting capabilities, and tools for displaying marketing materials and due diligence documents to prospective investors. By digitizing these back- and middle-office tasks, BaseVenture aims to increase operational efficiency, enhance transparency for investors, and allow fund managers to focus on growth and returns.

Prior to its acquisition, BaseVenture raised a total of $5.5 million over several funding rounds, including a $2.5 million seed round in June 2015 and a $3 million early-stage VC round in November 2017. The company's investors included Alumni Ventures, Battle Born Venture, OceanIQ Capital, and Off The Grid Ventures. Throughout its operation, the company gained recognition for its contributions to the FinTech space, winning a "Product Leadership" award from Frost & Sullivan in 2016 for its innovative digital platform. Keywords: fund administration software, investment management platform, private equity operations, FinTech, SaaS, alternative investment technology, investor reporting portal, capital call automation, digital fund management, subscription document automation, wealth services technology, back-office automation, fund administrator tools, private fund software, real estate fund software, hedge fund operations, FIS, FundManager.io, investor relations software, compliance management