Zive AI Inc., a Palo Alto, CA-based AI-enabled fund management solution provider, raised $1m in seed funding.
The round was led by 7BC Venture Capital and CerraCap Ventures.
The company intends to use the funds to scale its AI-enabled fund management solution to streamline back-office operations, slash costs, and supercharge efficiency for venture capital funds.
ZIve provides an AI-enabled fund management solution that encompasses an end-to-end suite of VC fund management and administration products, from AI-powered fund administration, automated verification of fund accounting accuracy, instant generation of capital statements, tax and K1 filings reports, fund performance reports, and Limited Partner (LP) management.
In the future, the data from the platform will facilitate more efficient capital connectivity between LPs, GPs, and portfolio companies.
FinSMEs
04/10/2024