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Growth and Equity for a Changing World
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Fund of the Week: LOUD Capital

by Elaine Pofeldt and Elizabeth MacBride
July 24, 2020
in Finance
Reading Time: 2 mins read
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(PRNewsfoto/LOUD Capital)

LOUD Capital 
Columbus, Ohio
Size: With $50 million in assets under management, it is raising an additional $50 million
 
What it is: Founded five years ago, LOUD Capital has provided alternative financing, including asset-based funding and venture debt, to about 400 companies in industries including supply chain and professional services firms. Investors earn performance-based dividends and bonuses at different levels depending on the length of time they invest, from one to five years. LOUD is now launching an additional $50 million asset-based funding product, based on increased demand from companies during the pandemic. LOUD Capital also has three venture capital funds, including the Pride Fund, launched this year, which invests in LGBQT+ entrepreneurs, with investments so far in restaurants and a fashion company.
 
Minimum Investment: $100,000 in most products, but $50,000 in the Pride Fund. 
 
Leadership: Founded by physician and entrepreneur Navin Goyal, and entrepreneur Dashan Vyas.
 
Investment style/track record: The firm hasn’t yet produced returns in its venture capital funds, but its asset-based funding products have returned more than 10% in annual dividends, in addition to a bonus. Its venture capital investments include Hyperion, a hydrogen-powered car company, and Honest Game.
 
Quote: “I want there to be a sense of responsibility. We have the ethics of a physician, ‘First, do no harm,’” said Goyal. With its asset-based funding products, the firm sees itself helping to solve the capital gap left by banks that are focused on federal emergency loan programs such as the PPP.



This story and others on Times of E are made possible by a sponsorship from the Ewing Marion Kauffman Foundation. The Ewing Marion Kauffman Foundation is a private, nonpartisan foundation that provides access to opportunities that help people achieve financial stability, upward mobility, and economic prosperity – regardless of race, gender, or geography. The Kansas City, Mo.-based foundation uses its grantmaking, research, programs, and initiatives to support the start and growth of new businesses, a more prepared workforce, and stronger communities. For more information, visit www.kauffman.org and connect with www.twitter.com/kauffmanfdn and www.facebook.com/kauffmanfdn.

Tags: FundOhioventure capital investment
Elaine Pofeldt and Elizabeth MacBride

Elaine Pofeldt and Elizabeth MacBride

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