BUFFALO: Seedbrite Ventures, a leader in venture collaboration, has launched Seedcraft, a platform that allows small and mid-sized Registered Investment Advisors (RIAs) to co-create their own funds with top-tier early-stage venture managers.
Seedcraft aims to democratize venture capital access for RIAs and their clients, by enabling them to design and present customized venture portfolios with their own branding. Seedbrite Ventures handles all the legal and operational aspects of fund creation and administration, while RIAs focus on precision allocation.
Seedcraft also offers the potential for significant federal capital gains tax advantages for investors under specific conditions, thanks to its unique organizational structure that aligns with the provisions of IRC section 1202.
Seedbrite Ventures’ CIO Mike Hubert said, “Our vision with Seedcraft is to demystify venture capital access for RIAs. We’re not just launching a platform; we’re forging a pathway for a more inclusive venture capital landscape.”