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Vauban builds an automated wealth container platform designed to streamline and democratize private market investing. Its core product simplifies complex legal and administrative processes associated with fund and Special Purpose Vehicle (SPV) structuring, empowering investors to create and manage their online funds. The platform's capabilities focus on digitizing legal documentation, automating compliance, and providing comprehensive tools for capital deployment into alternative assets, significantly reducing the traditional friction points in private equity and venture capital.
Founded in 2018 by co-founders Rémy Astié and Ulric Musset, Vauban emerged from a shared vision to demystify and open up private investing. Their insight was that the existing infrastructure for structuring private deals was overly manual, costly, and inaccessible to many potential investors. By leveraging technology to build robust, scalable infrastructure, Astié and Musset sought to remove these barriers, enabling a broader participant base to engage in private capital formation from their London base.
The platform serves a diverse clientele, including angel investors, venture capitalists, family offices, and fund managers seeking efficiency in their investment processes. Vauban's vision is centered on fostering a more inclusive and dynamic private investment ecosystem by making the creation and management of private funds as straightforward as possible. The company aims to continue enhancing its technological backbone to serve as essential infrastructure for the future of private markets.
Vauban has raised $8.0M across 2 funding rounds.
Vauban has raised $8.0M in total across 2 funding rounds.
Vauban has raised $8.0M across 2 funding rounds. Most recently, it raised $6.0M Seed in November 2021.
| Date | Round | Lead Investors | Other Investors | Status |
|---|---|---|---|---|
| Nov 1, 2021 | $6M Seed | — | 7percent Ventures, BIG SKY Health, Coinbase Ventures, Connect Ventures, Creative Juice, Creator Fund, Eniac Ventures, Jenny Fielding, Scott Hartley, Exponent Founders Capital, Firstminute Capital, Freestyle Capital, Frontline Ventures, Future Africa, General Catalyst, Luno Expeditions, Norrsken VC, Outsized Ventures, Passion Capital, Precursor Ventures, QED Investors, Quona Capital, Stellar Capital, Tekton Ventures, The Community Fund, Vera Equity, Andre Mohamed, Brad Garlinghouse, David DE Picciotto, Eric Hahn, Gabriel Weinberg, Iqram Magdon Ismail, Jason Gardner, Jason Goldberg, Malcolm Ferguson, Oliver Slipper, Richard Chen, TOM Blomfield, Trevor Noah | Announced |
| May 1, 2018 | $2M Seed | — | Mercuri | Announced |
Vauban has raised $8.0M in total across 2 funding rounds.
Vauban's investors include 7percent Ventures, Big Sky Health, Coinbase Ventures, Connect Ventures, Creative Juice, Creator Fund, ENIAC Ventures, Jenny Fielding, Scott Hartley, Exponent Founders Capital, Firstminute Capital, Freestyle Capital.
# High-Level Overview
Vauban is a fintech platform that automates the structuring, governance, and administration of investment vehicles, primarily serving venture capital fund managers, private equity professionals, and alternative asset managers.[1] The company digitizes what has traditionally been a manual, paper-heavy process—enabling clients to launch funds and special purpose vehicles (SPVs) through an intuitive dashboard rather than relying on external corporate service providers.
The platform addresses a critical pain point in the investment industry: the complexity and inefficiency of setting up and managing investment funds. Vauban allows fund managers to handle compliance requirements, digitally onboard investors, access NAV reporting, and conduct governance activities—all from a single online interface.[1] By automating these administrative functions, the company reduces friction, accelerates fund launches, and lowers operational costs for its users.
# Origin Story
Vauban was founded in 2018 in London by Rémy Astié (CEO) and Ulric Musset (COO).[1] The company initially operated under the name Citadelle before rebranding to Vauban.[4] The founding team identified an underserved market: while platforms like AngelList had gained traction in the US for democratizing venture capital access, Europe lacked comparable infrastructure for fund managers to efficiently structure and operate investment vehicles.[3]
The company gained early validation through its funding trajectory. It raised approximately $9.46 million across multiple rounds, with investors including Carta, Outward VC, Pentech Ventures, 7percent Ventures, and UFP Fintech.[1][2] A pivotal moment came in July 2022, when Carta acquired Vauban, integrating the platform into its broader equity management ecosystem.[2] This acquisition validated Vauban's core thesis and provided distribution leverage through Carta's existing customer base.
# Core Differentiators
# Role in the Broader Tech Landscape
Vauban operates at the intersection of two powerful trends: the digitization of financial services and the democratization of alternative asset management. Historically, launching and managing investment funds required expensive legal, accounting, and administrative infrastructure accessible primarily to established institutions. Vauban's automation reduces these barriers, enabling smaller fund managers and emerging GPs to compete more effectively.
The timing is significant. As venture capital and private equity have become increasingly distributed—with more micro-funds, syndicates, and emerging managers entering the market—the demand for scalable, cost-effective fund administration has surged. Vauban's acquisition by Carta reflects the strategic importance of this infrastructure layer: Carta recognized that owning the fund administration workflow strengthens its position as the operating system for equity ownership and management.
By automating corporate services, Vauban also influences the broader fintech ecosystem by reducing operational friction that has historically limited fund formation. This has downstream effects: lower barriers to entry for emerging managers can increase capital allocation diversity and potentially improve deal flow quality across the venture ecosystem.
# Quick Take & Future Outlook
Vauban is well-positioned to become the default infrastructure for fund formation in Europe and beyond. As an acquired company within Carta's portfolio, it benefits from distribution, credibility, and integration opportunities that would be difficult to achieve independently. The key question is whether Vauban can expand beyond fund administration into adjacent services—such as investor relations, performance analytics, or secondary market facilitation—to deepen its stickiness with customers.
The broader trend favoring Vauban is clear: as regulatory complexity increases and fund formation accelerates globally, demand for intelligent automation in this space will only grow. The company's success will ultimately depend on its ability to stay ahead of regulatory changes, expand internationally, and integrate seamlessly with Carta's ecosystem while maintaining the simplicity that makes it valuable to fund managers.
