Hedgia is open. Managers in eight states can now take a private fund from idea to first subscription on one platform. We form the LLC, generate the offering documents, run investor onboarding, and prepare the securities filings.
The traditional launch costs $50,000 to $100,000 or more in legal and setup fees and takes months. We broke down where that money goes in the real cost of starting a hedge fund. On Hedgia, setup costs $0 upfront and takes days.
Where Hedgia is live today
What the platform handles on day one
- 1
Entity formation
We file your LLC with the state and give you a guide for obtaining your EIN from the IRS.
- 2
Offering documents
Your Private Placement Memorandum, Operating Agreement, and Subscription Agreements, generated for your fund.
- 3
Investor onboarding
A digital subscription flow with accreditation verification and document signing built in.
- 4
Fund management
Track investors, subscriptions, distributions, and performance from a single dashboard.
Banking runs through the same flow. Your fund's bank account opens with Axos Bank, a federally chartered FDIC member with over $20 billion in assets, without leaving the platform.
Raise under Rule 506(b) or Rule 506(c)
Funds on Hedgia raise under Regulation D, the SEC safe harbor built on the private offering exemption in Section 4(a)(2) of the Securities Act. Neither rule requires registering the offering with the SEC. The difference is how you can find investors and who you can accept.
Rule 506(b)
Raise quietly from people you know
- No general solicitation or advertising
- Unlimited accredited investors
- Up to 35 investors who are not accredited but meet the rule's sophistication standard
Rule 506(c)
Advertise the raise publicly
- General solicitation and advertising permitted
- Every investor must be accredited
- Reasonable steps to verify accredited status are required
Either way, Form D is due within 15 days of the first sale, and the states where your investors live require blue sky notice filings. Hedgia prepares both as part of the launch flow.
$0 upfront, minimums from $5,000
Investor minimums can be set as low as $5,000, each fund can hold up to 100 investors, and one account can run up to 5 funds with 500 investors in total. If you manage money in one of the eight states above, you can start now at app.hedgia.net. If your state is not on the list, email contact@hedgia.net and tell us where you want to launch.