Fundraise, a direct-to-investor real estate investment platform, has launched its Innovation Fund, a publicly registered tender offer fund that aims to invest in late-stage venture capital and private growth equity investments.
The fund, which will target an initial offering of $1 billion, is open to all U.S. residents for a minimum investment of $10. The fund aims to allow individual investors to take advantage of the downturn in the tech industry due to the current economic environment.
Traditionally, investing in fast-growing technology companies, either through venture capital or late-stage growth equity, has remained almost entirely inaccessible to individuals, with the vast majority of all capital in the space coming from large institutions, according to Fundraise. Beyond that, a small number of fund managers act as gatekeepers granting access only to those able to invest tens of millions of dollars. With falling tech valuations and most traditional venture capit