You must be at least 18 years old and qualify as an accredited investor, which requires the following criteria to be met for example: (1) an individual with a net worth over USD 1 million excluding your primary residence, OR with an annual income over USD 200,000 (individual) or USD 300,000 (joint with spouse or spousal equivalent) for each of the past two years with reasonable expectation of the same for the current year; OR (2) an individual holding a valid Series 7, 65, or 82 US Securities licence; OR (3) an entity with assets or investments over USD 5 million, or an entity where all equity owners are accredited investors. For a full definition of accredited investor, please visit the website of the U.S. Securities and Exchange Commission: SEC.gov | Accredited Investors Once you decide to invest through vestrs, you will be required to submit documentation (e.g. tax returns, payroll summaries, bank statements, etc.) to verify that you are indeed an accredited investor.

Yes, non-US investors are welcome as long as they comply with the laws and regulations of their country. However, citizens or residents of sanctioned countries (Cuba, Iran, North Korea, Russia, Syria, and regions of Ukraine (Crimea, Donetsk, Luhansk)) are not eligible. In addition, citizens or residents of Pakistan are not allowed to invest in defense, space, atomic energy, and other prohibited sectors.

When going through the accreditation verification process, you will also go through identity verification (KYC) and anti-money laundering (AML) check processes. These require a clear, non-expired photo ID or passport in English. The picture must not be blurry or have glare, and must show all four corners.

Your KYC verification is valid for 1 year. When it expires, you will need to re-verify before making a new investment.

The minimum investment per opportunity per investor is USD 5,000. The maximum investment per opportunity is 9.99% of the total amount being raised. That cap keeps participation broad and limits how concentrated any one investor can be in a single round. Investors should consider portfolio diversification rather than concentrating capital in a single opportunity, and therefore spread their investments across a number of opportunities.

The W-8BEN is a US tax form required for non-US investors. It certifies your foreign status for US tax withholding purposes. Once submitted, your W-8BEN remains valid for 3 years, after which you will need to submit a new form to continue investing. US persons file a W-9 instead.

Your investment remains illiquid until the startup you invested in experiences an exit event, such as an acquisition or IPO. There is no secondary market for these unlisted securities, and transfers and resales are subject to significant restrictions. Plan for a long-term, illiquid position.

A fund-raising campaign typically incurs costs relating to activities such as due diligence, document preparation, SPV formation, compliance, management and administration. Part of the proceeds of the fund-raising campaign will be used to pay or reimburse such expenses. The Private Placement Memorandum Supplement for a specific fund-raising campaign will describe the applicable costs.

When a specific startup makes a cash distribution (e.g. interest, dividend, proceeds of sale, liquidity event), such amount will be paid to the dedicated SPV in which investors invested. After payment of applicable withholding or entity-level taxes in India and the United States, the net distributable amounts shall be allocated as follows: Income distributions (including interest and dividends): 85% will be distributed to SPV investors on a pro rata basis based on units held, and 15% will be distributed to the Manager of the SPV as a performance-based fee. Exit distributions (including proceeds of sale, liquidity event): 100% of investors’ contributed capital (if the distribution is higher than the contributed capital) will first be returned to SPV investors on a pro rata basis. Any remaining net profit (after return of invested capital) will then be distributed 85% to SPV investors on a pro rata basis and 15% to the Manager as a performance-based fee.