Who it's for / SPVs
Early accessOne vehicle. One record. It carries forward.
The company sees the vehicle. It rarely sees who's actually inside it, until the next round asks.
The problem we solve
Ownership lives in a spreadsheet, not the deal.
Beneficial ownership across a vehicle is maintained in a spreadsheet somewhere, not in the deal itself. The underlying participants are invisible to the company being invested in. At the next round, re-onboarding the same vehicle costs everyone weeks.
How it works for SPVs
The vehicle holds. Participants sit beneath it.
The vehicle sits in the room as the holder of record; its underlying participants sit in a permissioned layer beneath it, visible to the parties who need to see them and no one else. Where an institutional anchor exists, its co-investment sits on the same record. Model the vehicle's ownership structure → None of this needs rebuilding at the next round — it carries forward.
Why the record matters
Later rounds stall on unclear ownership.
The single most common cause of a delayed later round is an ownership structure nobody can explain quickly. A beneficial-ownership schedule that already exists, and travels with the deal, removes that delay before it starts.
What we don't do
We don't form the vehicle.
We are the record and process layer for the vehicle's transactions. Formation, banking, and moving the actual funds stay with your registered administrator.