About REFASHIOND Seed
Join the incredible lineup of LPs who have committed to REFASHIOND Seed
About REFASHIOND Ventures: REFASHIOND Ventures is an early stage supply chain technology venture firm that is being built to invest in technology innovations that will refashion global supply chains.
REFASHIOND Seed is the firm's first investment vehicle designed primarily for accredited individual investors.
REFASHIOND Seed is a Rolling Fund™ on AngelList. Our first close and capital call is scheduled for July 1, 2021, but we’ll be accepting new investors on a rolling, quarterly basis until we hit our initial goal of $10M per year in REFASHIOND Seed. You may visit the fund page on AngelList here.
Ultimately, our target is to invest between $25K and $750K in up to 5 pre-seed and seed-stage startups every quarter, with an occasional Series A investment based on our judgement of the opportunity. We expect to raise an institutional fund at some point in 2022, based on conversations we started in 2019 and 2020 but that were stalled by the COVID19 pandemic.
REFASHIOND Seed is mainly targeted at accredited individual investors, but is also open to family offices, foundations, endowments, corporations, and other types of investors. Investors who live outside the United States may invest as well, though they will be subject to US SEC regulations for accredited investors.
We require a minimum commitment of $6,250 per quarter for a minimum of 4 quarters. We recommend 8 quarters, to mimic a traditional seed-stage venture fund with a concentrated portfolio of 20+ startups. There’s more information about how rolling funds work below.
Our Thesis
REFASHIOND Ventures champions and invests in early-stage startups reinventing global, industrial supply chains through scalable networks, platforms, ecosystems, and information infrastructure; Defensible through economic moats.
Our Strategy
REFASHIOND Ventures is a Pre-Seed & Seed Stage Supply Chain Technology fund using AngelList's Rolling Fund™ Structure, and sourcing deals from The Worldwide Supply Chain Federation’s 4000+ global membership, including our more than 8,000 strong community on Clubhouse, and our wider network of 33,000+ people while leveraging our operating experience, and strong relationships with corporates as both potential investors and market-validating customers of our portfolio companies.
Supply chain innovation is the foundation on which all sustainability initiatives must rest; Human activity is causing climate change. All human activity is driven by supply chains. Because supply chains and climate change are opposite sides of the same coin, we can’t solve the climate crisis until we refashion global, man-made supply chains so that they cause less harm to the environment.
Humanity is in the earliest stages of one of the largest sector-driven investment opportunities of our lifetime - the refashioning of global supply chains.
Fund Size
Our current plan is to eventually grow REFASHIOND Seed into a $10M annual fund, which works to $2.5M per quarter. SEC Regulations allow us only a limited number of LPs.
We require a minimum commitment of $6,250 per quarter for a minimum of 4 quarters. We recommend 8 quarters, to mimic a traditional seed-stage venture fund with a concentrated portfolio of 20+ startups. There’s more information about how rolling funds work below.
Note that the minimum quarterly investment may increase over time as we secure commitments. If you’d like us to consider something less than the minimum please email one of the general partners - our contact information is in the intro deck - the second item - in our data room below. You can also use the links further below to schedule time to speak with one of us.
Data Room
Our data room has 10 documents that summarize what we are building, why we are building it, and our experience. It also contains dealflow summaries that were requested by a number of institutional investors with whom we have been in conversation towards raising an institutional fund later.
Please review these documents in this order:
REFASHIOND Ventures - One Pager - May 2021
REFASHIOND Ventures - Our Manifesto
RE_TheWorldIsASupplyChain_2020
REFASHIOND Seed - Rolling Fund - 102021
REFASHIOND Seed_Team Experience - 022021
REFASHIOND Seed_DealFlow_r1v2_Next Gen Logistics_022021
REFASHIOND Seed _DealFlow_r1v2_FASHION_022021
The Worldwide Supply Chain Federation - Our Manifesto
#TNYSCM - #SCIT2019 Opening Presentation - 062019
Brian Aoaeh is a member in good standing of the CFA Institute. We have included a copy of the CFA Institute Code of Ethics and Standards of Professional Conduct in the data room.
You may visit our fund page at AngelList, review the fund’s closing documents, and subscribe using the link below.
There are more ways to connect with us outlined at the bottom of this page.
If you would like to schedule some time for a phone or video call to learn more about becoming an LP in REFASHIOND Seed, or just to learn about our venture firm more broadly, you may do so using our calendar appointment pages below.
Why Founders Choose Us: For seed-stage supply chain technology startups, REFASHIOND Seed is the world’s first rolling fund powered by people who understand that the world’s future depends on technology-driven innovation in global supply chains. With our knowledge of supply chain and innovation and technology, community, and capital we help early-stage supply chain startups accomplish more with less, faster.
Our communities and networks enable us to keep our finger on the pulse of what matters across the spectrum of people in operations and supply chain in business, academia, and in government when they think about the technologies and innovations that are needed to solve critical challenges, both now and in the near future.
This is a 506(c) fund, this means that we will be marketing the fund broadly.
Other Resources To Help You Learn More About Rolling Funds
Introducing Rolling Funds - From AngelList
Here’s the “Help” page from AngelList Venture for people and organizations considering becoming limited partners in funds running on the AngelList platform.
Note that AngelList developed the rolling fund structure in collaboration with the fund group at Wilson Sonsini Goodrich & Rosati, a venerated law firm that has been at the forefront of technology innovation at Silicon Valley and elsewhere.
Rolling Venture Funds through the Good Times and the Bad - From Law of VC by Chris Harvey, ESQ
Accredited Laws of Inclusion - By Chris Harvey, ESQ, explaining the SEC’s rules to determine who qualifies as an accredited investor.
How to Become an Accredited Investor - from Investopedia
Rolling Fund FAQ: What Is A Rolling Fund? - From Rolling Fund News
Robert Downey Jr. launched a Rolling Fund to invest in sustainability startups. You can learn more about that here: Axios Re:Cap and Techcrunch.
Connect With Us Online
Brian Laung Aoaeh, CFA (Twitter, Innovation Footprints, FreightWaves, NYU Tandon School of Engineering Faculty Page, Muck Rack)
Brian wrote about the journey that has brought him from a small village in Northern Ghana to raising an early stage technology venture fund in New York in September 2018; #ProofPoints: An Ending + A Beginning
#WorkInProgress: Why I Am Building An Early Stage Supply Chain Innovation & Technology Rolling Fund
The Worldwide Supply Chain Federation’s Website & Meetup Community
The Worldwide Supply Chain Federation’s Manifesto & a Short Video Clip
The Worldwide Supply Chain Federation is also on Slack & Clubhouse