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Alternative Market Briefing

Zell Capital launches VC Access Fund

Friday, June 25, 2021

Bailey McCann, Opalesque New York for New Managers:

Columbus Ohio-based Zell Capital has partnered with U.S. Bank Global Fund Services to launch a new venture capital fund. The '40 Act fund will be open to all investors and will target early-stage growth investments.

Zell Capital is led by Will Zell who was previously the co-founder and CEO of software company Nikola Labs.

The minimum investment is $1,000. Shares will be offered at $20 per share during the first 18 months or $25 million has been raised whichever comes first. Once the initial offering period is complete, investors can still buy shares but will be priced according to the net asset value of the fund.

Zell Capital is targeting $50 million and is looking to invest in up to 25 portfolio companies. The fund is the first of its kind to offer access to classic venture capital without requiring an investor to be accredited to participate.

Zell Capital will invest between $250,000 and $2 million into each startup company, participating in the seed and series A funding rounds for early-stage startup companies. In an interview with Opalesque, Zell said that the firm was planning to be involved with its portfolio companies either as a round leader or as a board member.

"We plan to be broadly agnostic in terms of the kinds of companies we're going to invest in," Zell explains. "In Columbus, where we are based, th......................

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