HERNE

Private Raises

Structuring advisory for on-chain private rounds. A raise today runs through lawyers, transfer agents, escrow agents and weeks of settlement; we design rounds where the cap table is a contract, hand-monitored terms become self-executing code, and settlement happens in a block.

  • Programmable cap table. Vesting, lockups and tranche conditions enforce themselves.

  • A wider pool. Small tickets from a global KYC'd base become economical for the first time.

  • Illiquidity stops being a tax. Compliant secondary liquidity shrinks the private-stake discount, lowering the issuer's cost of capital.

  • The data room dies. Diligence becomes a continuous, verifiable on-chain record.