Doriot Deal Alert: Sweater

A Platform Powering Public Venture Funds

August 01, 2024

Sweater, with a valuation of $48.5 million pre-money valuation, is currently raising funds via Start Engine.

Problem: Retail investors can’t invest in traditional Venture Funds, which are set up as Limited Partnerships. ⛰️ 

Solution: There is the little-used structure approved by the SEC called an interval fund. Sweater has built a platform that allows fund managers to use the interval fund model, opening the door for retail investor participation. 🧗 

Our Analysis: We break down what an interval fund is, how it works, and whether this is the “holy grail” that will finally unlock venture capital for retail investors—and make investors in Sweater a lot of money in the process. 🪠 

$428K

Total Raised

$48.5MM

Pre-Money Valuation

This Deal Review includes an analysis of:

  • The Problem

  • The Solution

  • How it Works

  • Revenue Model

  • Market Opportunity

  • Competitive Landscape

  • Company History

  • Traction to Date

  • Future Roadmap

  • Founding Team

  • Financial Position

  • Signals

  • Valuation

  • Exit Scenarios

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