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Venture Capital
subversivecapital.com

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Investments

15

Portfolio Exits

4

Funds

2

About Subversive Capital

Subversive Capital is dedicated to investing in radical companies whose core missions subvert the status quo and require sophisticated government and regulatory strategies for success.

Subversive Capital Headquarter Location

135 Grand Street 2nd Floor

New York, New York, 10013,

United States

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The CB Insights tech market intelligence platform analyzes millions of data points on venture capital, startups, patents , partnerships and news mentions to help you see tomorrow's opportunities, today.

Latest Subversive Capital News

Zuck got PUNKed — new Metaverse-linked ETF shorts Meta shares in holdings

Jan 27, 2022

“Facebook seems to be the antithesis of what actual consumers want their digital futures to look like,” said Subversive Capital Advisor founder Michael Auerbach. 336 Total views News An exchange-traded fund linked to companies involved with the Metaverse launched on the Cboe BZX Exchange — shorting shares of Facebook’s parent company, Meta. The Subversive Metaverse exchange-traded fund (ETF, listed under the ticker PUNK, opened for trading at $25.15 on Thursday. The fund’s holdings include shares of Block — formerly Square — Google’s parent company Alphabet, Microsoft, Sony, GPU manufacturer Nvidia, Coinbase Global, Galaxy Digital and online gaming platform Roblox. However, exposure to Meta — one of the largest tech firms in the world, with an $837 market capitalization — was conspicuously absent from PUNK’s top holdings. According to a Thursday Bloomberg report, Subversive Capital Advisor founder Michael Auerbach claimed the reputation around Facebook’s parent company — purportedly based on reports the firm was not doing what it claimed in regard to removing hate speech and posts encouraging violence — made it unsuitable for the ETF. The fund takes a short position on 40 Meta shares, the only one out of the 59 companies in its holdings. “Facebook seems to be the antithesis of what actual consumers want their digital futures to look like,” said Auerbach. “Mark [Zuckerberg] and his team are not the best custodians of our digital futures.” Christian Cooper, the ETF’s portfolio manager, added : “We want to make sure this industry develops, without getting "Zucked-up," from those who see the true potential of this space." At the time of publication, the Metaverse ETF is trading at $24.74, having fallen more than 2% since opening. In December, ETF-issuer ProShares announced it had applied with the U.S. Securities and Exchange Commission to list shares of a fund tracking the Solactive Metaverse Theme Index — with companies including Meta, Apple and Nvidia. However, there are also current listings for Metaverse-linked ETFs from Roundhill Ball, Evolve, Fount and Horizons across the U.S. and Canada.

Subversive Capital Investments

15 Investments

Subversive Capital has made 15 investments. Their latest investment was in Synchron as part of their Series B on May 5, 2021.

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Subversive Capital Investments Activity

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Subversive Capital Portfolio Exits

4 Portfolio Exits

Subversive Capital has 4 portfolio exits. Their latest portfolio exit was ATAI Life Sciences on June 18, 2021.

Date

Exit

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Acquirer

Sources

6/18/2021

IPO

$99M

6

11/9/2020

Acquired

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$99M

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10

11/9/2020

Acquired

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10

7/23/2019

Acquired

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10

Date

6/18/2021

11/9/2020

11/9/2020

7/23/2019

Exit

IPO

Acquired

Acquired

Acquired

Companies

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Valuation

$99M

$99M

Acquirer

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Sources

6

10

10

10

Subversive Capital Acquisitions

1 Acquisition

Subversive Capital acquired 1 company. Their latest acquisition was Perception Neuroscience on January 03, 2019.

Date

Investment Stage

Companies

Valuation
Valuations are submitted by companies, mined from state filings or news, provided by VentureSource, or based on a comparables valuation model.

Total Funding

Note

Sources

1/3/2019

$99M

Corporate Majority

2

Date

1/3/2019

Investment Stage

Companies

Valuation

$99M

Total Funding

Note

Corporate Majority

Sources

2

Subversive Capital Fund History

2 Fund Histories

Subversive Capital has 2 funds, including Subversive Capital Venture Fund.

Closing Date

Fund

Fund Type

Status

Amount

Sources

Subversive Capital Venture Fund

Multi-Stage Venture Capital

Open

1

Subversive Opportunity Fund

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10

Closing Date

Fund

Subversive Capital Venture Fund

Subversive Opportunity Fund

Fund Type

Multi-Stage Venture Capital

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Status

Open

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Amount

Sources

1

10

Subversive Capital Team

1 Team Member

Subversive Capital has 1 team member, including current General Partner, Michael Shtender Auerbach.

Name

Work History

Title

Status

Michael Shtender Auerbach

General Partner

Current

Name

Michael Shtender Auerbach

Work History

Title

General Partner

Status

Current

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