Decile Group
AI-powered platform and accelerator for venture capital.
| Date | Investors | Amount | Round |
|---|---|---|---|
| - | investor | €0.0 | round |
* | $14.0m | Seed | |
| Total Funding | 000k | ||
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Decile Group, founded in 2023, provides a platform for emerging managers in the venture capital sector. The company's offerings are designed to assist managers in launching and scaling their venture capital firms.
The company's CEO is Adeo Ressi, who is also the co-founder and Chairman of the Founder Institute. Ressi is known for creating the SAFE (Simple Agreement for Future Equity) note and has a background in launching global startup accelerators. His work with the Founder Institute and now Decile Group is aimed at reshaping venture capital by promoting ethical practices and making it more accessible.
Decile Group operates a multi-faceted business model centered around training, tools, and access to capital. Its main products include VC Lab, a venture capital accelerator; Decile Hub, an AI-powered SaaS platform for fund management; Decile Partners, a back-office service provider; and Decile Capital, a fund of funds that invests in emerging managers. The Decile Hub platform helps firms manage operations like deal flow, capital calls, and limited partner reporting. Recently, the company introduced the Start Fund, an initiative designed to allow investors to launch an institutional-grade venture fund quickly with no upfront legal or formation costs, backed by a $14 million seed round led by Draper Associates, Javelin Venture Partners, and Geek Ventures.
Decile Group serves emerging venture capital fund managers, helping them navigate the complexities of fund creation and management. The company emphasizes an ethical framework, promoting a code of conduct called the Mensarius Oath to foster fairness and responsible investing. Revenue is generated through its various services, including the SaaS platform, back-office support, and its fund of funds. The firm has reported that its accelerator, VC Lab, has launched hundreds of new firms and that over $1 billion in limited partner commitments have been facilitated through its platform.
Keywords: venture capital accelerator, fund management software, emerging managers, VC Lab, back office for VC, fund administration, venture capital ethics, limited partner portal, capital call management, deal flow management, Adeo Ressi, VC-as-a-service, fintech, asset management, financial technology, investment platform, startup funding, fund of funds, SAFE note, institutional investing
