The Innovation Fund is now VCX, a public venture capital fund listed on the New York Stock Exchange. Learn more about VCX

VCX by Fundrise

The public ticker
for private techSM

VCX is now open for
trading on the NYSE

The Innovation Fund (ticker: VCX) is a public venture fund that gives you access to top private tech companies, from AI to space exploration, in a single investment.

Learn more about VCX

Why Venture

Same problem, different asset

Like real estate, the world of investing in private technology companies has remained almost entirely inaccessible to individuals, despite the fact that as an asset class it has proven to be one of (if not the) best performing investment strategies of the past 50 years.

Vast majority of returns accrue in the private markets

With companies staying private longer, the vast majority of the returns from private tech has accrued to the private investors before the public offering. Plus, access is gated, with hefty tolls, by fund managers and growth equity firms, just as in the real estate private equity world.

During the 90's and early 00's, companies like Amazon and Google went public relatively soon in their growth cycle, while companies today are waiting on average 10 years longer. The result: individual investors confined to the public markets are missing out on a substantial portion of the returns generated by the next generation of industry leaders.

Created with Highcharts 9.0.1Inflation adjusted revenue ($M)Age in years010020030005101520
Average
IPO
(1990s)
Average
IPO
('17-21)
Individuals only
able to participate
after IPO
Venture capital
consumes most
of the upside
pre-IPO

Source: University of Florida Warrington College of Business

The Fundrise Difference

Founders and engineers

With growth equity investing, it’s harder to participate in blue-chip private funding rounds than it is to identify the blue-chip companies. However, we believe Fundrise has a distinct advantage in the crowded space of venture funding.

Technical expertise

Our decades of first-hand experience building and operating tech companies gives us a deep understanding of the daily challenges and trade-offs a growing company faces. With over 100 software engineers and product managers on staff, we have more software depth and expertise than most venture funds.

Extensive reach

As the largest direct-to-investor alternative asset manager in the country, we offer portfolio companies in-app exposure to nearly 2 million people—many of whom work in technology. Not only can this potentially drive new customers, recruiting, brand recognition, and near-term revenue for our portfolio companies, it can also provide critical name recognition for when it’s time to IPO.

Patient and passive capital

We’ve engineered our investment infrastructure to enable us to be the most patient and passive source of capital on the market, eliminating any incentive to meddle with a founder/CEO’s long-term vision for the sake of our own short-term image or profits.

Additional reading