Here are some details on questions that may arise as you wire funds to complete your investment.
First, double check that you entered the wiring information exactly as outlined above, for the proper jurisdiction (domestic or international). Entity names, addresses, and routing numbers must match exactly.
If your bank has further questions, you may send them this:
Bank Account Name: Seed Labs, LLC
Address: 9450 Southwest Gemini Drive, PMB 49394 Beaverton, OR 97008
Country of Origin: USA
Nature of Business Pooled investment funds
Purpose of Payment Seed Labs LLC is the designated fund administrator for a series of venture capital investment vehicles. They provide the software and services around entity structuring, entity maintenance, capital calls, compliance, and more, all in compliance with IRS/SEC guidelines and their BSA/AML policy. This is a well-accepted business activity: from a compliance, flow of funds, and services-offered perspective, Seed Labs LLC functions similarly to other fund administrators, which move move billions in capital through similar means.
Investors like myself and the fund administrator sign an Operating Agreement that includes a responsibility of the fund administrator (Seed Labs LLC) to collect funds on behalf of the investment vehicle. The funds I am wiring today are designated as investment funds for a investment vehicle that I have signed on as a member of.
Seed Labs LLC is the administrator for this investment entity, where one of its obligations is to collect funds on behalf of the investment. Your wire first gets processed by reaching Seed Labs' bank account, where by which it is then allocated to this investment entity against your wire commitment.
It is imperative that you enter the correct account number and memo for funds to be received in a timely manner.
Seed Labs uses a Private Mailbox (PMB) as its primary mailing address. Unlike a PO box, PMBs are real, physical addresses, where mail gets forwarded to the Seed Labs team online for efficient processing.
You will receive an email from Seed Labs as soon as your wire is received. This happens as soon as we receive the wire.