Digital Securities Ecosystem Leader
SPiCE is a Venture Capital fund providing its investors exposure to the massive growth of the Blockchain and tokenization ecosystem.
By combining institutional know-how, hands-on management, entrepreneurial innovation, and professional investment experience SPiCE’s management team has been involved in hundreds of tech funding rounds totaling billions of dollars as entrepreneurs, investors, and executives.
SPiCE VC invests globally in companies with winning products and services mainly within the blockchain and tokenization ecosystem.
SPiCE VC regards the tokens as a means to deliver liquidity and inclusivity to the fund and its investment thesis covers both blockchain and non-blockchain start-ups, including sectors such as artificial intelligence, augmented reality/virtual reality, cybersecurity, and Internet of Things. This may provide much better diversification to tokenholders and a balanced and less volatile portfolio across technology start-ups.
SPiCE is widely regarded in the industry as experts on security tokens/digital securities and continue to maximize their competitive advantage in this fast-expanding market.
More information about the Company can be found under https://spicevc.com/
The current Portfolio of the fund can be found on the bottom of the page.
Overall distribution across asset classes as of June 30, 2020
Combining institutional know-how, hands-on management, entrepreneurial innovation and professional investment experience SPiCE’s management team has been involved in hundreds of tech funding rounds totaling billions of dollars; as entrepreneurs, investors, and executives.
Tal Elyashiv, Carlos Domingo, Rene Eichenberger (from left to right)
Founder & Managing Partner — Senior executive, serial entrepreneur and investor
CIO at Capital One, CIO at Bank of America; COO at BondDesk; CTO & Head of New Businesses at 888;
Founder SPiCE VC, Securitize; Founder and CEO (Navion, Exactor, Yallo);
Over a decade of early stage investing and board memberships (Humavox,365Scores, Zoomd, Jobookit, Focalinfo, etc.)
Founder & General Partner — Senior executive, serial entrepreneur and investor
CEO of Telefonica R&D, CEO New Business and Innovation Telefonica Digital, CEO Extensis, CEO Lizardtech, CEO Celartem;
Founder Wayra, Sling Ventures, Dubai Angel Investors, SPiCE VC, Securitize;
Venture partner at THCAP and an early stage investor (Startupxplorer, Novicap,Blinkfire, Chicfy, Ulabox, etc.).
General Partner — Private Equity and Venture Capital leader
Dr. Rene Eichenberger founded Crossbow Ventures (a $200 m AUM VC fund), as well as a founder and CEO of Horizon21 (over $10 bn in assets). In addition, he was the Founder and Managing Partner of ClearSky – now with $1 bn AUM in partnership with Nextera, the largest US utility. Rene was a founding shareholder at Sargon Capital with $65 bn AUM. He was a Partner at Sterling Ventures and the Vice Chairman Acron AG (leading Real Estate investment company).
A Stanford business school grad, he founded Pulse Evolution (now FUBO-marketcap $1bn).
Each SPiCE Token will be issued by SPiCE VC. In aggregate up to 106,000,000 SPiCE Tokens will be offered pursuant to the Offering, such that the maximum possible Total Issued SPiCE Tokens will be 117,000,000 SPiCE Tokens. The SPiCE Tokens have no voting, distribution, pre-emptive or conversion rights and offer redemption rights only for SPiCE VC. More information about the classification of the SPiCE Tokens can be found below.
The SPiCE Tokens will be issued by SPiCE VC electronically on the ERC20 smart contract standard consisting of software code, existing on the Ethereum blockchain (the Smart Contract). The software code of the Smart Contract is open source.
The SPiCE Tokens have no distribution or dividend rights, other than on a Realisation Buyback, a Regulatory Redemption and a Liquidity Buyback. Any return of capital to SPiCE Tokenholders will occur through the Realisation Buyback process of the SPiCE Tokens as further set out below.
If there is a Realisation in the portfolio of investments held directly or indirectly by SPiCE VC, there will be a Realisation Buyback subject to the terms and conditions of the SPiCE Token Instrument at a price to be determined by SPiCE VC, using the funds received from the Realisation (after the deduction of any applicable fees and expenses).
For further information on the Repurchase Price on a Realisation Buyback please contact us directly.
Step 1: Register and qualification as professional investor
European investors interested in purchasing SPiCE Tokens must register with BMCP GmbH and qualify as a professional client according to Annex II of DIRECTIVE 2014/65/EU.
Step 2: Complete subscription process
After completing Step 1, we will contact you directly and provide you with the respective investment documentation. European investors interested in purchasing SPiCE Tokens must obtain and read the Private Placement Memorandum (PPM) for SPiCE, available upon registration and completion of the Subscription Form.
Step 3: Know Your Customer (KYC) and Anti-Money Laundering (AML) Compliance
Securitize – a digital security compliance platform – will walk you through a quick and easy identification and accreditation process online. This process protects investors and ensures the integrity of the fund. All potential investors must provide such information to SPiCE VC as set forth in the Subscription Form to allow the Fund to conduct its required KYC and AML analysis and to otherwise confirm that the investor satisfies other suitability requirements as the Fund may need from time to time. SPiCE VC reserves the right to reject any investment in its sole discretion.
Step 4: Purchase digital security tokens
Send US dollars to SPiCE VC and obtain an economic interest in the fund in the form of SPiCE Tokens.
Step 5: Open an ERC-20 Wallet
After you have been confirmed by SPiCE, you will be asked to create or provide a digital wallet to hold SPiCE Tokens. Investors who wish to hold SPiCE tokens directly will need to whitelist their wallet with SPiCE. SPiCE tokens can also be heald by SPiCE in the investors account at SPiCE. In addition, SPiCE tokens can also be custodied with CoinBase as a 3rd party custodian for the investor.
SPiCE VC TOKEN
Target Fund Raise
For professional investors from
|Issuer||SPiCE Venture Capital Pte Ltd.|
|Total Investment Volume||USD 100,000,000|
|Min. Investment Amount for EU Investors||USD 250,000|
|Min. Investment Amount (for current SPiCE Tokenholders)||USD 50,000|
|Principal Amount||USD 1.32 per Token (calculated NAV Per Token as of June 30, 2020)|
|Termination Date||31 March 2027|
|Secondary Trading||Yes (Fusang Exchange, OFN, SharesPost)|
Interested investors must register and qualify as professional client according to Annex II of DIRECTIVE 2014/65/EU. A professional client is a client who possesses the experience, knowledge and expertise to make its own investment decisions and properly assess the risks that it incurs.
If qualified as a professional client, BMCP will contact you directly.
The information of this Token Offering is exclusively intended for persons who are not located in or resident of certain other restricted jurisdictions, and who are otherwise permitted to receive such information.
According to Article 1 (4) of the EU Prospectus Regulation (Regulation (EU) 2017/1129 of the European Parliament and of the Council of 14 June 2017 on the prospectus to be published when securities are offered to the public or admitted to trading on a regulated market, and repealing Directive 2003/71/EC), there is no obligation to publish a prospectus if the securities are only offered to legal entities or individuals which are “qualified investor” as defined in the Prospectus Regulation.
The information of this Token Offering does not constitute an offer or an invitation to purchase securities in any jurisdiction in which such offer or invitation is not authorised or to any person to whom it is unlawful to make such offer or invitation. Users of this information are requested to inform themselves about and to observe any such restrictions.
An investment involves considerable risks and can lead to the complete loss of the assets invested. In the interests of risk diversification, only those amounts of money should be invested that are not required or expected to be returned in the near future. However, the risk is limited to the investment sum made and there is therefore no obligation to make additional contributions.
The company to be financed is solely responsible for all contents and information provided regarding the offering. BMCP GmbH acts as a pure intermediary and assumes no liability for the accuracy of the provided content. BMCP GmbH works on a success fee basis of up to 5% of raised capital.
EXISTING PORTFOLIO COMPANIES
THE INFORMATION CONTAINED HEREIN IS CONFIDENTIAL INFORMATION REGARDING SPICE VC (THE “FUND”). BY ACCEPTING THIS INFORMATION, THE RECIPIENT AGREES THAT IT, AND ITS OFFICERS, DIRECTORS AND EMPLOYEES WILL USE THE INFORMATION ONLY TO EVALUATE ITS HOLDINGS AND POTENTIAL INTEREST IN THE FUND AND FOR NO OTHER PURPOSE AND WILL NOT DIVULGE SUCH INFORMATION TO ANY OTHER PARTY. ANY REPRODUCTION OF THIS INFORMATION, IN WHOLE OR IN PART, IS PROHIBITED. THE INFORMATION CONTAINED HEREIN HAS BEEN PREPARED SOLELY FOR INFORMATIONAL PURPOSES AND IS NOT AN OFFER TO BUY OR SELL OR A SOLICITATION OF AN OFFER TO BUY OR SELL ANY SECURITIES OR ANY INTEREST IN THE FUND OR ANY OTHER FUND OR TO PARTICIPATE IN ANY TRADING STRATEGY. IF ANY OFFER TO PURCHASE ANY INTEREST IN THE FUND IS MADE IN DUE COURSE IT SHALL BE MADE ONLY PURSUANT TO A DEFINITIVE OFFERING DOCUMENT PREPARED BY OR ON BEHALF OF THE FUND WHICH WOULD CONTAIN MATERIAL INFORMATION NOT CONTAINED HEREIN AND WHICH SHALL SUPERSEDE THIS INFORMATION IN ITS ENTIRETY. ANY DECISION TO INVEST IN THE FUND SHOULD BE MADE ONLY IN COMPLIANCE WITH AND SUBJECT TO THE LIMITATIONS IMPOSED BY APPLICABLE LAWS APPLYING TO THE ABILITY TO OFFER THESE SECURITIES TO PROSPECTIVE INVESTORS IN THEIR RELEVANT JURISDICTIONS AND AFTER REVIEWING THE DEFINITIVE OFFERING DOCUMENT, CONDUCTING INVESTIGATIONS AS DEEMED NECESSARY BY THE INVESTOR AND CONSULTING THE INVESTOR’S OWN INVESTMENT, LEGAL, ACCOUNTING AND TAX ADVISORS IN ORDER TO MAKE AN INDEPENDENT DETERMINATION OF THE SUITABILITY AND CONSEQUENCES OF AN INVESTMENT IN THE SECURITIES. WITH THE EXCEPTION OF APPROVED ACCREDITED INVESTORS WHO HAVE BEEN DIRECTLY APPROACHED UNDER RULE 506 © OF REGULATION D OF THE UNITED STATES SECURITIES ACT OF 1933 THE FUND WILL NOT ACCEPT INVESTMENTS FROM ANY US PERSON AND THIS PRESENTATION IS NOT FOR USE BY ANY US PERSON OTHER THAN THOSE WHO HAVE BEEN SPECIFICALLY APPROVED BY THE FUND. NO REGISTRATION STATEMENT HAS BEEN FILED WITH THE UNITED STATES SECURITIES AND EXCHANGE COMMISSION OR ANY U.S. STATE SECURITIES AUTHORITY WITH RESPECT TO THE SHARES OF THE FUND. NONE OF THE SHARES IN THE FUND HAVE BEEN OR WILL BE REGISTERED UNDER THE UNITED STATES SECURITIES ACT OF 1933, AS AMENDED (THE “1933 ACT”). EXCEPT AS NOTED ABOVE NONE OF THE SHARES IN THE FUND MAY BE OFFERED, SOLD, TRANSFERRED, ASSIGNED OR DELIVERED, DIRECTLY OR INDIRECTLY, IN THE UNITED STATES OF AMERICA, ITS TERRITORIES AND POSSESSIONS, ANY STATE OF THE UNITED STATES OF AMERICA OR THE DISTRICT OF COLUMBIA (THE “UNITED STATES”), OR TO ANY U.S. PERSON AS DEFINED HEREIN. IN ADDITION, THE FUND HAS NOT BEEN AND WILL NOT BE REGISTERED UNDER THE UNITED STATES INVESTMENT FUND ACT OF 1940, AS AMENDED (THE “1940 ACT”). NONE OF THE SHARES IN THE FUND MAY BE OFFERED, SOLD, TRANSFERRED, ASSIGNED OR DELIVERED, DIRECTLY OR INDIRECTLY, TO ANY PERSON IN CIRCUMSTANCES WHICH MIGHT RESULT IN THE FUND INCURRING ANY LIABILITY TO TAXATION OR SUFFERING ANY OTHER PECUNIARY DISADVANTAGES WHICH THEY MIGHT NOT OTHERWISE INCUR OR SUFFER, OR WOULD RESULT IN THEM BEING REQUIRED TO REGISTER UNDER THE 1940 ACT. ALL PERFORMANCE, INVESTMENT STRATEGIES, AND RISK TARGETS CONTAINED HEREIN ARE SUBJECT TO CHANGE WITHOUT NOTICE. THERE CAN BE NO ASSURANCE THAT THE FUND WILL ACHIEVE ANY TARGETS OR THAT THERE WILL BE ANY RETURN ON CAPITAL. HISTORICAL RETURNS ARE NOT PREDICTIVE OF FUTURE RESULTS. THE FUND IS INTENDED TO BE A SPECIALIST VEHICLE FOR INVESTMENT IN THE EARLY STAGE TECHNOLOGY SECTOR AND DIGITAL ASSETS. INVESTMENTS IN EARLY STAGE TECHNOLOGY AND DIGITAL ASSETS CARRY GREATER RISKS AND MAY BE CONSIDERED HIGH RISK AND VOLATILE. THERE IS A RISK OF TOTAL LOSS OF THE PRINCIPAL AND INTEREST INVESTED – PLEASE REFER TO THE DEFINITIVE OFFERING DOCUMENT FOR A FULL LIST OF RISKS. NOTE THAT THE NET ASSET VALUE AND RELATED INFORMATION DISCUSSED IN THIS DOCUMENT IS BASED ON ESTIMATE AND SHOULD NOT BE TREATED AS ACCURATE FACTS.