Decile Group

Decile Group operates Decile Hub, an integrated software platform for running venture capital firms. The product bundles data rooms, digital signing, CRM, accounting, reporting, legal, fundraising, networking, surveys and events into a single system, with an AI co-pilot layered across it. On the fundraising side, the platform automates limited partner engagement and onboarding, provides a secure LP portal for updates, tax documents and capital calls, and supports one-click capital calls and configurable workflows for reviewing and signing limited partnership agreements.

On the investing and back-office side, Decile Hub includes deal-making tools ranging from inbound company submissions to a deal memo builder, and collects automated updates from portfolio companies. Reporting consolidates data from across the platform to surface fund performance measures such as TVPI, IRR, RVPI and DPI, as well as operational items like overdue capital calls. The platform supports full fund administration and accounting for multiple funds and SPVs within one firm, spanning the management company, general partner and fund entities. Integrated activity feeds record the history of interactions with an LP or a deal, including emails sent, links clicked, files viewed and documents signed.

Business model

Decile Group provides software-as-a-service to venture capital firms, delivering fund operations, fundraising, deal management, reporting and back-office administration through the Decile Hub platform. Access is gated through a sign-up and application process.

Traction

The website states that the platform has facilitated over $1 billion in LP commitments to date and that over 900 firms provide product feedback. Manager testimonials cite bulk distribution of reports and K-1s to limited partners.

Latest developments

In December 2023, Axios reported on the launch of a generative AI chatbot for venture capitalists intended to help them reduce spending on outside lawyers and accountants.