Casy Study: Anthropocene Ventures
"Reducing cost and friction associated with managing the LP subscription process"
Anthropocene Ventures has $100 million AuM, and is focused on investing in deep tech companies. Anthropocene Ventures launched in January 2022 to fund companies that address humanity's existential threats. Companies operating in the "deep tech" space, as Anthropocene’s founding partner Matt McGraw describes, are less interested in building cloud- based collaboration tools and more focused on how to leverage the wattage capacity of alternative power supplies, or engineer novel methods of creating bioplastics.
Related technology
The challenge
McGraw's new role as a VC follows years of working as an advisor to companies. In those organisations, automation had become the norm, and Excel the exception. But ironically, he found that venture firms had yet to catch up to the automation standards set by the companies they themselves had funded.
The solution
As the firm began raising money, a colleague at Silicon Valley Bank introduced McGraw to Apex Flow, and the firm decided to use it to onboard 32 investors to their first fund. LPs were provided with step-by-step instructions inside the platform and clearly defined process to start and complete their entire onboarding. Not only did this drastically reduce mistakes made in their onboarding, but it made audit and follow-up easier, and cheaper.
The result
With Apex Flow, Anthropocene's law firm spends less time on correcting mistakes and more on ensuring subscription completion and compliance. Anthropocene's partners and admins can work on managing the actual relationships rather than facilitating paperwork administration.
Anthropocene and its investors are able to avoid bureaucratic interactions and focus on the substance of the firm and its portfolio companies.
