Cashmere Fund

What Cashmere Fund does

Cashmere Fund is an SEC-registered interval fund launched by Sweater Ventures in April 2022 and operated by investment adviser Sweater Industries LLC with sub-adviser Forma Cashmere LLC. The fund allows retail and non-accredited investors to participate in early-stage to pre-IPO private company investments with a $500 minimum investment and offers biannual redemption windows of up to 5% of outstanding shares. Its core technology is the evergreen interval fund structure regulated under the Investment Company Act of 1940, which balances long-term illiquid venture exposure with periodic partial liquidity.

The fund's portfolio spans 33+ companies across 7 industries, including consumer goods, fintech, health technology, and software, with investees such as Kalshi and MrBeast and co-investors including Andreessen Horowitz, Y Combinator, Lightspeed Venture Partners, and Mark Cuban. According to the fund's own marketing, portfolio companies carry a combined $7.5B valuation and have raised $1B in capital. Cashmere's "Compound Influence" thesis is anchored by Partner & Investors Josh Allen (2024 NFL MVP), Jenna Lyons (former J.Crew executive), Damar Hamlin, Eric Wood, and college athletes LaNorris Sellers, Kevin Jennings, and Avery Johnson, who provide deal flow and brand amplification.

Cashmere generates revenue through traditional fund management economics (management fees and, eventually, carried interest) on its interval fund, with a secondary SPV revenue stream via the Republic platform. Distribution has evolved from a direct-to-consumer model on app.sweaterventures.com to an omnichannel structure that includes SoFi's Alternative Investments platform (ticker CSHMX), Apex-powered brokerages (300+ firms), and Republic-hosted SPVs. Marketing is supported by the "Culture & Capital" podcast launched with SoFi in December 2025 and a multi-channel content operation spanning blog, social, and email. The fund is based in San Francisco and operates with 1-10 employees.

Name

Cashmere Fund

Legal name

Cashmere Fund

Website

https://thecashmerefund.com

Company type

Private

Founded year

2022

Operating status

Operating

Headcount range

1–10 employees

Short description

Cashmere Fund is an SEC-registered interval fund, launched in 2022, that gives retail and non-accredited investors access to early-stage private companies with a $500 minimum and biannual redemptions, distributed via SoFi and Apex-powered brokerages.

Ownership category

akta.pro rank

Product category

Venture Capital / Private Markets Investing

NAICS

Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)

SIC

Investment Advice (6282)

akta.pro primary industry

Captive CVC Fund (Dedicated corporate fund structure) (FSANAHAB)

Keywords

• Venture capital fund
• Interval fund
• Retail investing
• Private markets access
• Early-stage investments

Headquarters

HQ city

San Francisco

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

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

Revenue model

1. Interval Fund Management: The Cashmere Fund operates as an SEC-registered interval fund that allows retail investors to participate in venture capital investments. The fund generates returns through appreciation of its portfolio of early-stage companies across consumer goods, fintech, health technology, and software sectors. It offers biannual redemption windows (twice yearly, limited to 5% of outstanding shares) providing partial liquidity while maintaining long-term investment in illiquid assets.

Pricing tiers

Go-to-market motion2 records

Distribution channels4 records

Marketing channels5 records

Core offering

The Cashmere Fund (ticker CSHMX) is a direct-to-consumer venture capital interval fund that gives retail investors access to a diversified portfolio of early-stage to pre-IPO private companies with a $500 minimum investment. The fund deploys capital into companies backed by cultural tastemakers, iconic founders, and top-tier VCs across consumer goods, fintech, health technology, and software, and offers biannual redemption windows capped at 5% of outstanding shares.

Product overview

The Cashmere Fund operates as a single flagship venture capital interval fund (ticker: CSHMX) that provides retail investors with access to high-growth-potential early-stage to pre-IPO private companies. The fund requires a $500 minimum investment and offers biannual redemption windows. Its investment thesis centers on 'Compound Influence' - investing in companies backed by cultural tastemakers, iconic founders, and top-tier VCs. The fund's portfolio spans consumer goods, fintech, health technology, and software sectors across 33+ companies. The company also produces the Culture & Capital podcast as an educational companion to the fund, offering insights into private markets investing.

Differentiator

Problem solved

Functional benefit

Products and services

• The Cashmere Fund (CSHMX) An SEC-registered, direct-to-consumer venture capital interval fund (ticker CSHMX) that provides retail investors with access to a diversified portfolio of early-stage to pre-IPO private companies backed by cultural tastemakers, iconic founders, and top-tier VCs across consumer goods, fintech, health technology, and software, with a $500 minimum and biannual redemption windows.
• Culture & Capital Podcast A branded podcast series exploring early-stage investing and private markets through interviews with founders, operators, and industry leaders. Produced in partnership with SoFi and designed to educate retail investors and demystify private-market investing.

Quantifiable outcome

• Access to $7.5B portfolio companies with $1B capital raised by those companies
• +1 more outcomes

Named customers2 records

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• SoFicoreChannel Partner/ Reseller/ Distributor · 16 December 2025SoFi and Cashmere launched 'Culture & Capital' podcast, a SoFi podcast and Cashmere production. SoFi also provides access to Cashmere Fund through its Alternative Investments platform, enabling SoFi's millions of members to invest in the fund.
• Witz VenturesminorStrategic or Co-development Partner · 23 October 2025Witz Ventures launched a new SPV on Republic featuring The Cashmere Fund's diversified early-stage portfolio and access to emerging companies such as xAI, SpaceX, and Perplexity.
• SoFicoreChannel Partner/ Reseller/ Distributor · 7 September 2025SoFi expanded access to private markets with new funds from Cashmere, Fundrise, and Liberty Street Advisors. The partnership broadens retail investor access to alternative investments.
• Apex ClearingcoreChannel Partner/ Reseller/ Distributor · 21 January 2025Strategic partnership with Apex Clearing to broaden access to venture capital investments for retail investors. The fund's offerings became available to clients of Apex-supported brokerages in early 2025, with additional distribution partnerships planned throughout the year.

Scale indicators7 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Robinhood: Mass-market retail brokerage progressively adding alternative investments and private-market features; competing for the same retail mindshare on adjacent Apex-powered infrastructure.
• Andreessen Horowitz (a16z): Top-tier venture firm that co-invests in Cashmere's portfolio companies; not a direct competitor (institutional LP-only) but shapes the deal pipeline Cashmere accesses as a co-investor.

Direct peers

• Republic: Retail-accessible private-market platform offering SPVs in startups and crypto with low minimums; directly overlaps via Cashmere's own SPV distribution on Republic for names like xAI, SpaceX, and Perplexity.
• Masterworks: Democratizes art investment for retail investors via SEC-registered vehicles; pioneered the accessible-alternatives marketing playbook similar to Cashmere's cultural-influence-led brand strategy.
• Fundrise: Interval-fund pioneer that pioneered retail-accessible alternatives via the same SEC '40 Act structure on SoFi's Alternative Investments platform; offers real-estate interval funds to non-accredited investors with similar minimums and biannual liquidity.
• Ark Invest: Thematic, retail-accessible investment manager built around a distinctive thesis; pioneered accessibility of complex investment themes to retail audiences and operates adjacent SEC-registered products.
• Yieldstreet: Alternative-investments platform giving retail investors access to private credit, real estate, and venture with non-accredited eligibility; competes for the same investor persona Cashmere targets on SoFi and Apex.

Emerging players

• Titan: Retail investment app offering actively managed thematic strategies with low minimums; targets the same mass-affluent retail investor seeking alternatives-style access via their phone.
• Public.com: Retail brokerage that has progressively added alternative investments and fractional private-company access; overlapping distribution channel on Apex-powered brokerages with Cashmere.
• Rally (Rally Network): Platform for fractional ownership of collectible assets aimed at retail; uses an SEC-regulated structure and a cultural-pop-culture-led brand to attract younger retail investors.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/CashmereFund
• LinkedInlinkedin.com/company/the-cashmere-fund
• Instagraminstagram.com/thecashmerefund
• Facebookfacebook.com/thecashmerefund

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Funding overview

Funding rounds

Investors

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

M&A

Investments

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

Frequently asked questions about Cashmere Fund