Case Study

Almavest - August 2021

Fund: Almavest

Background: Almavest is a credit fund that provides debt capital to fintech lenders, and carbon reduction project developers globally. In August 2021, Almavest launched a Borrower Pool on the protocol to raise ~$2M. The purpose of this Borrower Pool was to fund a basket of fintech lenders in the Global South.

Process: Over one week, the Almavest team underwent due diligence by the Backers, presenting them with a dataroom, and being on hand to answer questions posed by the Backers. This included a live video Q&A session you can find here.

Once the due diligence period was done, the pool opened on August 31st for funding.

Outcome: The junior portion of the Borrower Pool was filled by 72 Backers, who provided $540,826. The Senior Pool provided an additional $1,622,478 (3x the Backer contribution) to complete the $2,163,304 raise. This entire process was completed in 30 minutes. Below is a screenshot from the Almavest Borrower Pool. You can find the live page here.

Almavest Pool Snapshot

Almavest Timeline and Key Dates

1. Announce Investment to Community

   1. Announce deal to backers with key timelines

2. Deal Proposed With Terms

   1. Surface NDA, Dataroom, and Summary of Terms Backers are expected to review

3. Backers start submitting questions

   1. Create a dedicated channel to accept and respond to questions through

4. Q&A with Backers

   1. Create a curated AMA session

5. Pool opens for funding

   1. Confirm date you wish to open the pool for Backer funding

6. Deal funded & finalized

   1. Drawdown capital into wallet, and wire to crypto business account to be converted to fiat ccy

   2. Post final docs up in dataroom for final selected investors