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Seashell isn't accepting new investments

Seashell’s deadline was October 1, 2022

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Seashell

High-yield fintech platform backed by Khosla Ventures & Kindred Ventures
Fintech Finance Crypto Blockchain
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This is an SPV deal. See fees.
Allocation
$500K
Pre-money Valuation
$65M
Minimum investment
$2,000
Instrument
SAFE
Deadline
October 1, 2022
Invest in Seashell

Open for investment

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Co-investors
Kindred Ventures
Venture Capital
Founded in 2014, Kindred Ventures is a seed-stage venture capital fund led by Steve Jang and Kanyi Maqubela, based in San Francisco, California. They have invested in over 100 companies (early investor in Uber), and have served as founders, early employees, and advisors in several pioneering technology startups.
Mark Cuban
Billionaire entrepreneur, startup investor, and Shark Tank investor
Mark Cuban is an American billionaire entrepreneur, TV personality, media proprietor, and investor, whose net worth is an estimated $4.3B, according to Forbes. He is the owner of the Dallas Mavericks and is also one of the main "shark" investors on the ABC reality television series Shark Tank.
Khosla Ventures
VC firm, Menlo Park CA
Khosla Ventures is VC firm founded by Vinod Khosla, with over $5B under management. Portfolio companies include: Square, Webflow, Instacart, Okta, Stripe, Zocdoc, Yammer & OpenAI.
Khosla Ventures also invested in:
Companies
Pitch Updates 2
Questions? (855)-668-2575
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Closed on October 1, 2022. Information may not be up-to-date. Campaign closed on October 1, 2022. Information displayed may not be up-to-date.
Problem Solution Product Biz. model Traction Market Team Disclaimers
Press

Documents

Republic Deal Room Advisor (Republic Deal Room Advisor LLC, CRD# 31568) is hosting this Reg D 506(c) securities offering by Seashell I, A Series of Republic Deal Room Master Fund, LP .
Company documents
Subscription Agreement Seashell I LPA.pdf Seashell I PPM.pdf
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Investment summary


$5M+ raised
Company has previously raised over $5M in capital
Notable angel backing
Company is backed by a notable angel investor
Tier-1 Venture backing
Company is backed by a tier-1 VC firm

Seashell is a compliance-first fintech platform that gives users access to earn competitive and diversified yields on their money. Seashell connects users to a network of financially regulated institutions and provides an experience better than traditional savings or investment accounts. Their technology harnesses blockchain innovations to offer market-leading and compliant earnings at the push of a button, targeting 9% growth for our users.

Seashell emerged from stealth earlier this year with its oversubscribed seed funding, backed by Khosla Ventures, Kindred Ventures, and leading angel investors in traditional finance and crypto: Robinhood's co-founder and CEO Vlad Tenev, Shark Tank's Mark Cuban, unicorn investor Elad Gil, former CFTC Chairman and "CryptoDad" J. Christopher Giancarlo, Coinbase Ventures, and founders of Web3 projects including Solana, Avalanche, and Polygon.

This is a special purpose vehicle (SPV) formed to invest in Seashell's Series A.

  • Compliance-first, high yield platform targeting 9% interest rates
  • Founded by the former COO of leading blockchain audit firm, CertiK
  • Oversubscribed Seed Round of $6M in early 2022, led by Khosla Ventures
  • 400K organic sign-ups in 1 month, 75K+ social media followers.
  • Built by alumni from Ivy League, ex-Google, Klarna, Robinhood, and more

Invest in Seashell

The app created to beat rising inflation

“Smart savers should strongly consider using Seashell as a simple solution to beat rising prices,” said Mark Cuban on its investment in Seashell. Due to inflation, prices have risen 7% over the past year - the largest increase since 1982, leaving consumers searching for alternatives to bank interest rates, which have been trapped well below 1%.

Read more about Seashell's Seed Investment in the news: 

  • Seashell Looks to Help Curve Inflation With Fintech Platform
  • Crypto heavyweights back inflation-resistant savings protocol
  • Seashell Unveils Inflation-Resistant Investment Product Alongside $6M Seed Round

Problem


Inflation hit 40-year highs 

Inflations in the U.S rose unexpectedly to a 40-year high of 9.1% in July 2022, according to the Department of Labor. As returns on investment get hammered during the inflationary time, it has become more and more challenging for U.S investors to save and grow their money with competitive yields that can beat the rising prices. 

—

Stock and crypto markets
are volatile

Stock and crypto markets have been volatile and seen double digit negative returns so far this year. The Vanguard Total Stock Market is down -13.4% year to date, while Bitcoin is down -48.3% year to date. With the compounding impact of market volatility and inflation, U.S. investors are looking for alternative ways to grow their money outside.

—

High-yield platforms are not always legally compliant

Since saving interest rates have remained well under 1%, traditional banking pales in comparison to potentially double-digit returns from decentralized protocols. But the reality is that popular crypto interest-yield platforms, like BlockFi and Nexo are not compliant with the latest regulations, as evidenced by penalties and litigation imposed by the SEC.

Solution


Meet Seashell: Diversify your investments and grow your money outside the market.

Seashell is creating a secure and accessible ecosystem where money grows and moves freely. By being compliance-first, Seashell’s technology provides the most simple and secure network to diversify your investments and earn competitive interest from institutional partners.

  • 🐚 Redefining high-yield: beats the alternatives in traditional finance
  • 🐚 Frictionless flows: feeless money transfer across borders
  • 🐚 Digital convenience: no transaction or interchange fees for merchants
  • 🐚 Compliance first: strong emphasis on regulatory compliance 

Product


A compliance-first, high-yield fintech platform

Seashell offers users secure ways to earn yields while automating the complex processes of managing money. Seashell connects users' money to a diversified ecosystem of financially-regulated institutional partners that help earn interest on their money. These institutions attract borrowers who are willing to pay higher interest rates, which Seashell passes through to users.


🐚 Seashell for Consumers


Seashell provides a consumer mobile application that gives users a simple way to earn higher yields on their money. The technology that harnesses blockchain innovations enables access to a targeted 9% growth at the push of a button, plus flexible redemption options from favorite merchants. 


🐚 Seashell for Merchants


Seashell provides a solution with no transaction or interchange fees for U.S merchants. The value of offerings will continue to grow as the system integrates a blockchain-based settlement process, accelerating merchants' claims of funds in as quick as 2-3 seconds, instead of days.  

Business model


Revenue-sharing model aligns incentives with users

Traction


What started as a splash, now has become a swell, and is ready for bigger waves

Waitlist sign-ups reached 600K+ since launch

With over 500K+ organic sign-ups within a month since launch in January 2022, Seashell received tremendous attention from the public and is ready for a rapid growth across the U.S. The company also records 100K+ international sign-ups, expecting a promising global expansion down the road. 

Market


$24T+ total addressable markets

The mobile payment and digital banking markets have increased significantly over the past years. Driving a 30.1% CAGR and 6% CAGR, respectively, each industry is expected to reach a valuation of $12 trillion by 2027.

Seashell is on its way to address combined markets at total capitalization of $24 trillion by 2027. 

Team


Meet the Team

Daryl Hok, CEO and founder, was the Chief Operating Officer at the leading blockchain audit firm, CertiK, and now remains its advisor. Founded and led by Hok, the team at Seashell is comprise of former employees and advisors from big fintech and web3 companies - Google, Robinhood, Klarna, Doordash to name a few. Hok expects the team size to double or triple this year at the next fundraise round. 


Disclaimers


In addition to the carried interest Republic Deal Room Advisor LLC is entitled to for the syndicated investments it organizes, certain principals of Republic Deal Room Advisor LLC may have a personal interests in these investments, as disclosed below. When making an investment decision please review any applicable disclosures as they represent pre-existing financial interests held by those principals of Republic Deal Room Advisor LLC.

We do not represent that the information contained herein is accurate or complete, and it should not be relied upon as such. Opinions expressed herein are subject to change without notice. Certain information contained herein (including any forward-looking statements and economic and market information) has been obtained from and/or prepared by the Company or other third-party sources and in certain cases has not been updated through the date hereof. While such sources are believed to be reliable, Republic Deal Room Advisor LLC does not assume any responsibility for the accuracy or completeness of such information. Republic Deal Room Advisor LLC does not undertake any obligation to update the information contained herein as of any future date.

Documents

Republic Deal Room Advisor (Republic Deal Room Advisor LLC, CRD# 31568) is hosting this Reg D 506(c) securities offering by Seashell I, A Series of Republic Deal Room Master Fund, LP .
Company documents
Subscription Agreement Seashell I LPA.pdf Seashell I PPM.pdf

Press

Seashell Looks to Help Curve Inflation With Fintech Platform
Built In Seattle
·
Jun 28, 2022

Sure the latest initiatives from the Teslas, Apples and Googles of the industry tend to dominate the tech news space - an...

How to Choose the Best High-Yield Savings Account
Wsj

What to look for and where to look-your best bet may even be from a bank you've never heard of.

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Seashell

Seashell successfully raised $324,800 from 82 investors on October 1, 2022
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