Automotive Ventures Investment Club Members,
As a reminder, Automotive Ventures has just made a $200k investment into company
(“i-FIVE-O”) out of our Mobility Fund, and we were able to secure an additional $200k allocation in this round for co-investment from our LPs and Club members.
Below are two resources you may find helpful to evaluate the investment opportunity:
If you would like to participate, please share your requested allocation by
EOD tomorrow, Friday, May 5th
.
We expect our allocation of $200k to be oversubscribed by our LPs and Club members. As such, we may not be able to secure your desired allocation amount. We will confirm allocations by Monday, May 8th.
Deal Terms & Fees:
The terms of the round are a $12m pre-money valuation cap and 15% discount on a “
” (SAFE).
The SPV (our investment vehicle) fee structure will mirror best practices established by the
, with a one-time 2% management fee and 20%
. Each investor will share proportionally in the Special Purpose Vehicle (SPV) setup fee, expected to be $4.5k.
Please let us know if you have any questions.
Many thanks,
Steve Greenfield
678.576.9972
