Cashmere & Apex: New Venture Fund for Growth Companies
- The Cashmere Fund, a venture capital fund targeting both retail and institutional investors, is collaborating with Apex Clearing Corporation, a subsidiary of Apex Fintech Solutions Inc.
- Cashmere Fund operates as an evergreen fund, accepting new investments daily with a $500 minimum.
- Elia Infascelli, partner and CEO of The Cashmere Fund, said the alliance will allow the fund to reach more investors, scaling its assets to further support aspiring companies...
Cashmere Fund and Apex Clearing corporation are joining forces to democratize venture capital access. This partnership allows the fund to expand its reach, offering investment opportunities to a broader audience, including retail investors.The fund, which focuses on high-growth sectors such as consumer tech and fintech, requires a minimum investment of just $500. Having already invested in over 35 companies, Cashmere Fund is expanding its distribution channels.The collaboration with Apex Clearing, a part of Apex Fintech Solutions Inc., is poised to scale assets and support aspiring entrepreneurs. For more financial news, check out News Directory 3. Discover what’s next as the fund rolls out new alliances later this year.
Cashmere Fund, Apex Clearing Partner to Expand Venture Capital Access
The Cashmere Fund, a venture capital fund targeting both retail and institutional investors, is collaborating with Apex Clearing Corporation, a subsidiary of Apex Fintech Solutions Inc. The partnership aims to broaden access to venture capital investment opportunities.
Cashmere Fund operates as an evergreen fund, accepting new investments daily with a $500 minimum. Since its inception, the fund has invested in over 35 companies, targeting high-growth areas including consumer goods, consumer technology, financial technology (fintech), health technology, and software. The fund anticipates expanding its distribution network throughout 2025.
Elia Infascelli, partner and CEO of The Cashmere Fund, said the alliance will allow the fund to reach more investors, scaling its assets to further support aspiring companies and entrepreneurs. “We are bringing venture capital to retail investors through our highly accessible fund structure,” Infascelli said.
The fund focuses primarily on early and growth-stage companies,including growth-stage secondaries. It provides liquidity through semi-annual redemption windows and annual distributions.
Launched in 2022 by Sweater Ventures, the fund is led by portfolio managers Infascelli and Mary Owen, along with partners Josh Feine, Bruce Popko, and Ari Schottenstein. It currently has over 5,000 investors.
In 2024, Forma Cashmere, LLC, an affiliate of venture investor Forma Capital and a registered investment advisor, became the fund’s sub-advisor, managing fundraising, marketing, and capital deployment. Sweater Ventures continues to oversee investor relations, compliance, and asset valuation.
what’s next
The Cashmere Fund plans to announce additional distribution alliances later in 2025, further expanding its reach in the venture capital investment landscape.