Allocations

What Allocations does

Allocations is a Miami-based, privately held fintech founded in 2019 by Kingsley Advani that operates an AI-powered fund administration platform enabling emerging and solo fund managers, startup founders, angel syndicates, family offices, and wealth advisors to launch and operate Special Purpose Vehicles (SPVs) and private funds. The platform automates the end-to-end lifecycle of fund formation and administration — deal room creation, entity formation, bank account setup, legal template generation, KYC/AML compliance, Reg D and Blue Sky filings, investor onboarding, capital calls, waterfall distributions, and annual K-1 tax preparation — and additionally supports crypto (USDC/USDT) capital contributions, token distributions, and complex nested structures such as SPV-into-SPV and Roll Up Vehicles (RUVs). The technology stack includes a Version 4 platform released July 2024 with a 50% reduction in code complexity and 80% improvement in processing speed, plus an API layer for programmatic integration.

The company monetizes through transparent, publicly disclosed flat fees with zero carry: one-time SPV formation fees of $9,950 (Standard) and $19,500 (Premium), annual Fund subscriptions priced on request, and recurring migration pricing of $1,950-$19,950 per year for funds ported from competitors. Allocations further earns distribution pricing on liquidity events, retains interest on Private Fund bank account balances, and passes through third-party regulatory expenses. A wholly owned FINRA/SIPC member broker-dealer subsidiary, Allocations Securities, LLC dba AllocationsX, provides integrated broker-dealer, investment adviser, and investment company compliance and operates a secondary market for private market investments.

Allocations serves a long-tail customer base that the company reports as 30,000+ clients across 1,800+ funds and $3B+ in cumulative assets transacted, with strategic emphasis on emerging managers who historically faced four-week-plus setup cycles and high carry fees from incumbent platforms. The company has raised approximately $12.3 million in cumulative funding across rounds in 2020, 2021, and 2022 at valuations reaching $150 million, acquired Lumen Advisory & Finance in 2021, and recently expanded into ESG via a Diginex partnership and structured a $25.6 million BNB treasury placement across six vehicles in 2025.

Name

Allocations

Legal name

Allocations Inc.

Website

https://allocations.com

Company type

Private

Founded year

2019

Operating status

Operating

Headcount range

51–100 employees

Short description

Allocations is a Miami-based fintech that operates an AI-powered fund administration platform enabling emerging and solo fund managers, founders, and family offices to launch SPVs and private funds in minutes with flat-fee, zero-carry pricing and integrated FINRA-regulated compliance.

Ownership category

akta.pro rank

Product category

Fund Administration Software

NAICS

Portfolio Management and Investment Advice (523940), Portfolio Management and Investment Advice (52394)

SIC

Security Brokers, Dealers & Flotation Companies (6211), Finance Services (6199)

akta.pro primary industry

Managed Account / SMA Multi-Manager Platforms (FSANAGAL)

akta.pro secondary industry

Managed Accounts, Separately Managed Accounts (SMA) & Funds Platforms (Crypto) (FSADAHAM)

Keywords

• Fund administration software
• Private equity platform
• SPV formation services
• Venture capital infrastructure
• Alternative investments platform

Headquarters

HQ city

Miami

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Software

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Infrastructure

Revenue model

1. SPV Setup Fees (One-Time): One-time formation fees charged when a customer launches a Standard SPV ($9,950) or Premium SPV ($19,500). Includes template documents, onboarding, and base investor count; add-ons (additional investors, asset types, close events, side letters) charged as Additional Fees.
2. Fund Annual Subscription: Recurring annual subscription for VC Funds and other fund vehicles (priced on request), providing maximum flexibility for sophisticated fund managers with up to 249 (VC) or 99 (Non-VC) investors, unlimited closes, and 30 included assets.
3. Migration Pricing (Annual): Annual recurring fees for migrating existing SPVs or funds from other providers onto Allocations: Standard SPV $1,950/year, Premium SPV $4,950/year, Fund $19,950/year.
4. Distribution Pricing: Applied upon a liquidity event (exit or realization proceeds) to Standard SPVs, Premium SPVs, and VC Funds; tiers include Standard, Premium, and Custom Distribution pricing.
5. Bank Account Interest & Third-Party Pass-Throughs: Allocations retains interest earned on Private Fund bank account balances and passes through Third-Party Expenses (state franchise tax, Reg D filings, Blue Sky fees) as separate fees to customers.
6. Customization Assistance & Late Fees: Custom legal documentation, bespoke services, and customization billed as Additional Fees per Deal Setup Form. Late payment incurs a one-time $1,000 fee plus 2% monthly late fee on past-due balances over 7 days.

Pricing tiers

Go-to-market motion1 record

Distribution channels3 records

Marketing channels9 records

Core offering

Allocations operates an AI-powered fund administration platform that enables fund managers and investors to launch SPVs and private funds in approximately 10 minutes. The platform handles deal room creation, entity formation, bank account setup, legal template generation, investor onboarding (KYC/AML), capital calls, distributions, K-1 tax preparation, and supports crypto (USDC/USDT) capital contributions. It operates a wholly-owned FINRA/SIPC broker-dealer subsidiary (Allocations Securities, LLC dba AllocationsX) and serves more than 30,000 clients across 1,800+ funds managing $3B+ in assets.

Product overview

Allocations is a unified AI-powered fund administration platform offering an integrated suite of products for launching and managing Special Purpose Vehicles (SPVs) and venture funds. The core Allocations Platform is supported by three tiered sub-products — Standard SPV ($9,950), Premium SPV ($19,500), and Fund (annual subscription) — that scale from single-deal syndicates to sophisticated multi-asset fund structures. The portfolio also includes a dedicated Secondary SPV product for secondary market transactions, AllocationsX (a FINRA/SIPC-member secondary market operated through Allocations Securities, LLC), and Migration Services for onboarding funds from other providers. Together, these products deliver end-to-end coverage of the SPV and fund lifecycle, including entity formation, KYC/AML, banking, legal templates, investor onboarding, tax filings, capital calls, waterfall distributions, and secondary liquidity.

Differentiator

Problem solved

Functional benefit

Brands

• AllocationsX: Secondary market brokerage operated through Allocations Securities, LLC (member FINRA/SIPC), enabling secondary SPV transactions on the Allocations platform.

Products and services

• Allocations Platform Core AI-powered fund administration platform enabling fund managers and investors to launch SPVs and funds in 10 minutes. Offers deal room creation, entity formation, bank account setup, legal templates, investor onboarding, and deal closing. Trusted by 30,000+ clients managing $3B+ in assets across 1,800+ funds.
• Standard SPV Entry-level SPV product for investing in a single US startup with a small group of investors. Priced at $9,950 one-time fee. Includes up to 35 investors, unlimited raise amount, 1 closing event, 1 asset, VC asset types, template documents, side letters, and a 5-year term.
• Premium SPV Premium SPV product for investing in unique assets like tokens, real estate, or alternative investments. Priced at $19,500 one-time fee. Includes up to 50 investors, 1 close plus 1 additional available, and supports any asset types.
• Fund Maximum flexibility product for sophisticated fund managers offered as annual subscription. Supports up to 249 (VC) or 99 (Non-VC assets) investors, unlimited closes, 30 assets included, and side letter support.
• Secondary SPV Specialized SPV product for secondary market transactions. Enables purchase of existing shares in private companies from current shareholders, providing liquidity solutions for early employees, founders, and early-stage investors. Supports crypto capital contributions (USDC/USDT), SPV-into-SPV structures, and annual K-1 tax support.
• AllocationsX Secondary market platform operated through Allocations Securities, LLC (member FINRA/SIPC), enabling secondary market trading for private market investments for accredited investors in the United States.
• Migration Services Service to migrate existing SPVs and funds from other providers to Allocations, with migration pricing of $1,950/year (Standard SPV), $4,950 (Premium SPV), and $19,950 (Fund).

Quantifiable outcome

• Reduces deal setup time from 4 weeks to 2 days
• +5 more outcomes

Named customers3 records

Segments7 records

Ideal customer profiles6 records

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration1 record

AI capability1 record

Feature7 records

Partnerships

Four partnerships are on record, tiered flagship and core.

• DiginexflagshipStrategic or Co-development Partner · 26 September 2025Allocations and Diginex (NASDAQ: DGNX) announced a strategic relationship to integrate Diginex's ESG data collection, framework creation, and verification services into the Allocations platform. The collaboration empowers fund managers, family offices, and advisers to incorporate ESG insights into their investment strategies, streamlining operations and decision-making.
• CEA Industries Inc. (Nasdaq: VAPE)flagshipStrategic or Co-development Partner · 26 September 2025Allocations structured $25.6 million through six investment vehicles into the $500 million private placement organized by CEA Industries Inc. and 10X Capital to launch the largest publicly listed BNB treasury company in the United States.
• 10X CapitalflagshipStrategic or Co-development Partner · 26 September 2025Co-organizer with CEA Industries Inc. of the $500 million private placement to launch the largest publicly listed BNB treasury company; Allocations structured $25.6M across six vehicles into the placement.
• Lumen Advisory & FinancecoreStrategic or Co-development Partner · 8 October 2021Allocations acquired Lumen Advisory & Finance in a $2.5 million deal, integrating Lumen's accounting automation technology into its private equity platform. Lumen's CEO Nicholas Bird joined Allocations as Chief Financial Officer as part of the transaction.

Scale indicators12 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• AngelList: AngelList Roll Up Vehicles and fund formation platform is the most direct competitor to Allocations' SPV and fund offering, serving the same emerging and solo GP segment with carry-based pricing (5% to managers) versus Allocations' flat-fee model.
• Carta: Carta's cap table, fund administration, and SPV/SAFE products directly overlap with Allocations' fund admin stack, targeting venture managers and startup founders with an integrated equity management platform.
• Sydecar: Sydecar is a direct SPV-as-a-service competitor offering one-time flat-fee SPV formation for syndicates and emerging fund managers, frequently cited in Allocations' own side-by-side comparisons.
• Republic: Republic's private placement and fund/SPV infrastructure (including Republic Deal Room and AngelList alliance) overlaps with Allocations on SPV formation, retail-friendly minimums, and multi-asset private market access.
• StartEngine: StartEngine's private offerings and SPV formation for Reg D and Reg CF raises competes with Allocations in serving issuers and syndicate leads pooling capital for venture and alternative deals.
• WeFunder: WeFunder's crowdfunding platform offers SPV-style vehicles and investor pooling for venture and alternative deals, comparable to Allocations' lower-minimum, retail-accessible private market structure.

Broad incumbents

• iCapital: iCapital is a larger incumbent alternative investments platform serving wealth advisors, family offices, and HNW investors with fund and SPV structures, overlapping with Allocations' family office and HNW segment at higher AUM tiers.
• Juniper Square: Juniper Square provides fund administration and investor reporting for private equity, real estate, and venture fund managers, overlapping with Allocations' Fund annual subscription product at the upper end of manager complexity.
• Galaxy Digital: Galaxy Digital is a broader crypto-native asset management and trading firm with SPV, fund, and treasury structuring capabilities that competes with Allocations in serving crypto fund managers and digital-asset treasury formations.

Others

• Circle: Circle operates USDC, the stablecoin accepted by Allocations for capital contributions; as infrastructure-adjacent ecosystem player, it is highly relevant to Allocations' crypto SPV product strategy and payment rails.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@KingsleyAdvaniTV
• LinkedInlinkedin.com/company/allocations
• Xx.com/allocationsinc

Compliance3 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles11 records

Subsidiaries3 records

Funding overview

Funding rounds4 records

Investors13 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A1 record

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Allocations