In most cases, entrepreneurs must pass through several fundamental stages for the initial propulsion of their projects. One of the main financial stations, during the fundraising required to bring the entrepreneurs’ idea to fruition, is venture capital funds.

Shimony – House of Finance specializes in providing a support system for venture capital funds at their various stages.

Our firm assists partners from the initial stages and accompanies them in the process of establishing the fund, including tax planning, assisting in the establishment of the legal entity and opening files with the various tax authorities, working with lawyers and tax advisors on opening accounts, and working with regulatory advisors on AML checks for investors.

After the fund’s establishment phase, our firm accompanies the fund’s partnerships in all ensuing tasks:
• Preparing and reporting quarterly to investors;
• Editing management reports and annual reports;
• Managing and executing “capital calls” and distributions to the limited partners;
• Managing regulatory reporting (such as FATCA, FBAR, CRS);
• Assisting with D&O insurance;
• Managing capital account statements;
• Calculating and tracking financial data of the fund (such as IRR, Carried interest);
• Supporting investment rounds, and more.

Alongside these services for the fund itself, we also provide all services for the management company and the general partner. Whether it involves building and monitoring the management company’s budget, supervising and controlling the accountant, or coordinating and managing intercompany charges (the fund, management companies, and GP) – we provide a full turn key solution for venture capital funds and the partners.

Alongside the unique activity related to the VC’s world as described above, our firm offers full or partial financial services required by the fund, such as bookkeeping, payroll, Controller and CFO services – all according to the needs of the fund.