A rolling fund is a new type of investment vehicle that is structured as a series of limited partnerships/llcs: at the end of a designated investment period, a new fund is offered on substantially the same terms, for as long as the rolling fund continues to operate. With this fund structure, rolling funds are publicly marketable and remain open to new investors. (Hence the term, “rolling.”) The iSelect AgTech Fund I will end and a new fund will be established once it has invested in approximately 20 portfolio companies.

Right now, accredited investors (“LPs”) can apply to subscribe to the iSelect AgTech Fund I through the iSelect App. The fund, being a 506(c) fund, requires additional steps to verify your accreditation status under applicable securities laws, as well as the fund’s accreditation process, to qualify you as an accredited investor before you can make an investment in the fund.

iSelect reviews hundreds of companies annually to identify a select few that meet our diligence and suitability standards. We conduct, on average, 120 hours of diligence on every company we offer to investors on our platform. Informed by leading research and industry best practices, iSelect’s diligence standards aim to identify endogenous risks in investment opportunities.

Yes, the fund intends to invest all of the capital it raises in approximately 20 portfolio companies before launching a new series Agtech Fund.

For LPs, the key terms and investment details are always disclosed in the offering documents/subscription documents. This includes terms and fees like, but not limited to:

• Management fees (up to 2% per year over the life of the fund, calculated and charged quarterly)
• Carry (up to 20% of the profits after returning investors original capital investment)

There are no targeted distributions. Distributions will be made upon liquidity events with the underlying portfolio companies.

Mostly seed and Series-A, but we will occasionally do a later stage round where it makes sense. However, our focus will be seed and series-A.

Our goal is to invest in 20 companies per Series, however the fund manager may vary such number by a nominal amount in its sole discretion based on the timing and availability of appropriate investments for the fund.

There are many risks associated with private venture investing, including due diligence risk, underwriting risk, business valuation risk, business plan risk and execution risk. There are also extrinsic risks that are beyond any company’s control. While iSelect’s diligence process seeks to mitigate many of these risks, they remain systemic to private venture investing and are impossible to eliminate, which is why diversification is so important for even the most skilled investor. Potential investors should review the risk factors included in the private placement memorandum (PPM) before investing in the Fund. In addition, investors should understand before investing that venture capital investment is speculative and illiquid, and that they could lose their entire investment.

The fund manager intends to invest in approximately 20 companies, but may increase or decrease that number by a nominal amount based on availability and timing of investment opportunities. The anticipated average size of investment per portfolio company is  approximately 1/20th of your total investment, provided that amount may vary in some investments at the fund manager’s sole discretion. If you invest the minimum of $25,000 this would be equal to $1,250 per portfolio company.

No, there will be no capital calls or future raises for the iSelect Agtech Fund I. Once all capital initially raised is invested the fund will be closed and a new fund will begin. Investors may invest in the new fund.

The fund manager intends to offer investors in iSelect AgTech Fund I the opportunity to participate in future rounds of financing for portfolio companies owned by the fund. It is anticipated that these investments will be via a different fund or entity managed by the fund manager and any such future offer is contingent on such offer being permissible and lawful under all applicable securities laws and regulations.

We anticipate that all funds initially raised will be invested within 12-15 months.

No, iSelect AgTech Fund I intends to invest in a portfolio of illiquid securities sold in offerings exempt from registration under applicable securities laws. iSelect Agtech Fund I will not generate any dividend or other distributions for the foreseeable future. If you need liquidity, dividends or distributions for your investment portfolio and cannot hold this investment for the long-term with no expectation of dividends or distributions you should not invest in iSelect AgTech Fund I.