Our Services

About Us

SerVC’s values and beliefs are built on the motto “Small VCs need the same services as big VCs”. Therefore, we provide all services from back-office to execution, CFO, Controller, Portfolio Management, Bookkeeping, Legal Advisory and Investor Relations by highly experienced professionals in the VC industry that are leaders within their fields, with a wide-ranging perspective.

SerVC provides a holistic approach to back and front office services for VC, PE, and real estate investment firms ONLY. We handle financial management, compliance and reporting for all entities within the fund structure and its portfolio, letting the fund managers focus on deal flow.

Our professionals have extensive financial experience at VC funds as CFOs and controllers, allowing us to help you navigate the complex ecosystem of fund accounting that typically challenges many non-industry CPAs or corporate CFOs. We work with all sizes of VC, PE and real estate funds to address these challenges and to ensure that proper compliance, internal controls and fund management tools are in place.

Our Team

Shalom Nahum
Meital Biton
Copyright 2019 © SerVC / Designed by Up North Design Studio

Fund Administration

Our fund administration service feels way more in-house than outsource since SerVC provides a holistic service offering for VCs from bookkeeping, financial statements and management company through portfolio management up to analytics of the portfolio companies and building software for VCs.

  • Valuation of portfolio companies for the financial statements
  • Management Fees calculation according to the LPA including catch up and late payment Interest and deemed contribution (if any)
  • Carried interest calculation and allocations to the GP and LPs
  • NAV Calculation
  • Fund’s IRR calculation
  • Special allocations
  • Capital Account
  • Capital Calls
  • Cash Distribution
  • Maintain the investors information and contacts
  • Financial communication with the LPs
  • Preparation of Profit and Loss statement
  • Preparation of Trail Balance
  • Annual audit information for the auditors
  • Communication with the auditors along the way

Portfolio Management

Our portfolio team is analyzing every investment round (cap table, SPA, AOA) with SerVC’s software to present the results on three levels:

• Fund Analytics

  • IRR
  • TVPI
  • ֿDPI
  • NAV

• Per Portfolio Company

• Portfolio Summary

  • Cost
  • Value
  • IRR per company
  • Holdings
  • Total amount raised by the company
  • Total company value
  • Realized and unrealized gain

We present complete information about each and every round of the portfolio companies including:

  • Cost – Amount invested in each share class
  • Current valuation per share class
  • Pre and post money valuation
  • Fund’s amount of shares from each round
  • % Holding per round
  • Original and valuated PPS
  • Lead investors

Software Capabilities

SerVC has developed and is selling a proprietary software developed especially for VC and PE requirements for the following purposes:

• Portal
  • Each investor has a username and password
  • Authorization management for relevant parties
  • Publishing reports and documents to the investors, such as capital calls, cash distribution, financial statements, portfolio updates, etc.
• Portfolio Management software
The software is based on a dozen years of experience in portfolio management in big VCs.

It is presenting the performance in three levels:
  • Fund Analytics
  • Portfolio Summary
  • Per Portfolio Company

Fund Bookkeeping

Our Bookkeepers are industry professionals with long experience in the VC industry. We summarize the LPA for financial purposes and maintain the following items in the books according to the LPA:

  • Bookkeeping for the fund according to the Tax Ruling and the LPA
  • Maintain the fund’s investments in bookkeeping software
  • Bank reconciliation
  • Prepare quarterly trail balance
  • Capital Calls & Distribution
  • Maintain valuation in the book

Management Company

SerVC manages the management company the same as the big VCs do, including budgets and tax planning for the GPs.

  • Budget vs. Actual
  • Cash flow and Tax planning for the company and its GPs
  • Salary payment, social benefits
  • Monthly reports to the authorities
  • Travel Expenses report an allocation of expenses according to the LPA
  • Ongoing monthly payments for Income Tax, National Insurance & VAT
  • Bank Reconciliation

CFO & Controller

Our Controllers and CFOs are leaders in the VC industry who can help you navigate the complex ecosystem of fund accounting.

  • Fund models – We have developed multiple tools to build and analyze fund’s models for fund raising and models for follow-on reserves for investments during the fund’s life
  • Consultation and accompanying the funds during the preparation of the LPA and the Tax Rulings
  • Answering the investors’ questionnaires
  • Calculation of: Management fees, catch ups, late payment Interest, Carried interest, discounts for LPs
  • Gross and Net IRR
  • Financial statements for relevant parties
  • Creation of Dashboards for LP & GPs

Financial Investor Relations

SerVC’s CFO and Controllers are familiar with all the investors’ requirements, needs, side letters, etc. The CFOs are coming to the annual general meetings and get to know the LPs.

We prepare all relevant documents and upload them to the investor’s portal which was developed by us specifically for VC and PE investors.

  • Capital Calls & Cash Distribution
  • Financial statements & Capital Accounts
  • Tax reports and K-1s
  • Delivering investor’s letters
  • Answering investors’ questions
  • Financial communication with investors