• Leave your email address/phone number/other required information.
|
• Members of our investment team will reach out to you to schedule a call/meeting to discuss the fund and answer any queries you may have
• You can review the fund’s pitchbook and all other constitutive documents
|
• To invest, the investor will fill out an application form and sign a Unit Subscription Agreement with the Fund Manager
• Our investment team will guide investors throughout the process, and provide guidance regarding the documents
|
• Once the Agreement is signed, Fund Manager will periodically call capital from the investors commitment and invest in suitable companies
• For any money invested, the investor will receive unit certificates as proof of ownership in the fund
|
• When the Fund exits from an investment, any money (net of fees) is returned to the investor.
|
IDLC Venture Capital Fund I is governed by Bangladesh Securities and Exchange Commission (Alternative Investment) Rules, 2015. As per the rules, only eligible investors may invest in the Fund. An eligible investor is any one of the below:
• For Individuals: BDT 1 Million
• For Institutions: BDT 20 Million
Yes, all units purchased by the investor will have a lock-in of 3 years from the date of issuance of the certificates.
Following an investment in the Fund, investors will receive the following reports:
Name of Report |
Frequency |
Audited Annual Report of the Fund |
Annual |
Balance Sheet of the Fund (stating details of investments including costs and realized values) |
Annual |
Income Statement of The Fund |
Annual |
Cash Flow Statement of the Fund |
Annual |
Auditors’ report to the investors on the accounts including comments on the investments made by the fund |
Annual |
Statement of movement in NAV per unit of the fund |
Annual |
Additional Report providing details on investments and risks of the Fund |
Annual |
Half yearly unaudited financial statements and report of the fund |
Semi-Annual |
• Through signing the Unit Subscription Agreement, investor makes a commitment to invest in the fund
|
• The fund immediately collects 5-10% of the money committed by the investor.
• Investor can choose to deposit the remaining commitment at IDLC as Term Deposits.
|
• The fund continually looks for suitable investment opportunities. When the Fund finds an investment, it will call part or all of the remaining commitments from all investors. This is called a “Capital Call”
|
• Periodic capital calls will happen until the entire fund has been invested.
|
• When the Fund exits from an investment, any money (net of fees) is returned to the investor.
|
§ We are a Bangladesh focused Venture Capital Fund investing in early stage disruptive startups in Bangladesh.
§ The Fund size is BDT 450 million
§ Our average ticket size is BDT 10 to BDT 40 million. However, we are flexible if exceptional opportunities are available.
§ We invest across several stages – Post Seed to Series A and beyond.
§ We are ok being the lead investor in a round. We are also comfortable collaborating with co-investors as part of a funding round.
§ We are sector agnostic. However, we are particularly interested in the following sectors – Fintech, Entertainment and Lifestyle, Enterprise Solutions, Travel and Logistics, Foodtech and Agritech, Internet Devices, Edu-Tech, and Core Technologies.