Building businesses
one investment at a time
NEWS
ASP Asset Management AIFP has successfully organized an investor syndicate
We are excited to announce that ASP Asset Management AIFP has successfully organized an investor syndicate in the form of an alternative investment fund consisting entirely of LatBAN investors for investment in Monetizr. This startup raised $4 million during this funding round, with Change Ventures as the lead investor. This marks the first investor syndicate in the form of an alternative investment fund set up in accordance with the model of aggregating assets, which has proven to be highly efficient in terms of speed, cost, and flexibility
ABOUT US
Who We Are
ASP Asset Management AIFP is a registered alternative investment fund management company with the Latvian Bank. We offer clients the opportunity to form investment syndicates to invest in high-risk investment projects. This allows investors to invest smaller amounts in a larger number of projects, diversifying risk. This is particularly important when investing in start-ups.
LatBAN LOGO
Our LatBAN Partnership
ASP Asset Management AIFP has partnered with Latvian Business Angels Network (LatBAN), a non-profit organization that connects angel investors with early-stage businesses. Through our partnership, our clients gain access to LatBAN’s extensive network of experienced investors and resources for start-ups. LatBAN’s expertise and support enable us to provide our clients with enhanced investment opportunities and diversification in their portfolios.
Who We Are
ASP Asset Management AIFP is a registered alternative investment fund management company with the Latvian Bank. We offer clients the opportunity to form investment syndicates to invest in high-risk investment projects. This allows investors to invest smaller amounts in a larger number of projects, diversifying risk. This is particularly important when investing in start-ups.
INVESTMENT FUNDS
ASP Startup Fund
The fund is created to invest in rapidly growing companies by combining the funds of several investors who are interested in investing in one project or by giving investors the opportunity to co-invest in projects selected by the fund manager in a syndicate.
ASP Co-investment Subfund
A sub-fund has been created to co-invest in ASP-selected startup projects. The first investment has been made in the startup Monetizr.
ASP Syndicate Subfund 1
A sub-fund has been created to make an investment in the startup Monetizr during its funding round, with lead investor Change Ventures.
ASP Syndicate Subfund 2
A sub-fund has been created to make an investment in the startup Blue Shock Race. LatBAN members and other investors are expected to invest
ASP Syndicate Subfund 3
A sub-fund has been created to make an investment in the startup Cellbox Labs. The funding round was oversubscribed raising the total of 935’000 EUR. This was the first investment case where investor syndicate led by ASP Asset Management where the main, dominating investor.
ASP Syndicate Subfund 4
A sub-fund has been created to make an investment in the startup Bonusukarte.lv, a promising fintech undergoing MasterCard Lighthouse program. The funding round was led by Expansion Capital and co-invested by syndicate of 8 business angels.
ASP Syndicate Subfund 5
A sub-fund has been created to make an investment in the startup Orbit8. Investment in this ed-tech startup was jointly led by Buildit and ASP Asset Management angels. The startup has secured contracts with several universities to develop and test its student career assistant software.
ASP Syndicate Subfund 6
A sub-fund has been created to make an investment in the startup Ingain Technologies. Angel syndicate played significant role in the round led by Trind.vc. The funding round was oversubscribed raising the total of 650’000 EUR, exceeding the initial target of 400’000 EUR. The start-up if fintech developing lending software solution, it is relatively mature, having already high MRR.
OUR TEAM
Ansis Spridzāns
CHAIRMAN OF THE BOARD
Voldemārs Brēdiķis
member of the board
Arta Snipe
member of the board
SUSTAINABILITY
No Consideration of Sustainability Adverse Impacts
ASP Asset Management AIFP SIA and its managed funds (collectively – ASP) do not consider sustainability factors or sustainability risks as part of its investment decision making as defined by the EU Sustainable Finance Disclosure Regulation (Regulation (EU) 2019/2088) (SFDR). The remuneration policy at ASP does not consider or integrate sustainability risks.
Considering the above as well as the type and scale of ASP activities and resources, specifically, small fund and team size, significant number of funds or sub-funds, the type of assets ASP holds (minority shares in illiquid, early stage startups), implementing any changes to the current funds under management would be complicated and yield no benefits.
GET IN TOUCH
Contact information
- ASP Asset Management AIFP
- Elizabetes iela 63-2, Rīga, LV-1050
- +371 29274672
- ansis.spridzans@spridzans.lv