EXCEL FUNDS AND THE NEEDS OF MATURE PLAYERS

When a fund is just being formed, as a rule, there are several investors and two or three transactions in it. Large amounts of data tend not to appear from day one, so Excel can easily handle it. As the fund develops and builds some kind of legacy, the number of investors and transactions is increasing, the team is growing, the tasks get bigger but at this stage, they still manage their data with a number of separate systems and programs. Everything happens gradually. Once you notice there are a lot of LPs you add a system for managing investor relations. When you see there are more companies you add standard reporting forms to fill out. And in the end, the fund finds itself using many systems that are poorly integrated, and integrating different market products is a separate IT task.

At this stage, there is a need for an independent IT product, because the situation when you have 10 logins and 10 passwords from different systems is rather sad. I understand this process well, we ourselves came to this some time ago. That’s why we created AIRR to combine all the processes inside, creating a system that synchronizes the work of the fund team, investors, and external participants.

Original source - Interview with Natallia Chykina
https://blog.theairr.com/2021/02/22/mobile-apps-for-investors-tinder-for-funds-the-transformation-of-the-pe-vc-industry/