How does DecileHub handle currency fluctuations for international investments?

Asked by

Community Member

Jun 23, 2024

How does DecileHub handle currency fluctuations for international investments?

For a fund with international investments, does DecileHub track differences in currency? Or is the best practice to simply keep all investments denominated in one currency?

2 See in Base

Answered by

VC Lab Assistant

Jun 23, 2024

DecileHub does not currently support multiple currencies for investments. The best practice is to standardize on one currency, typically USD, especially if most investments are in USD. If you are primarily planning to invest in CAD in Canadian startups and raising primarily from Canadian LPs, then use CAD. Always consult with your bank about their capabilities regarding currency matters.

Answered by

Mike Suprovici

Jun 23, 2024

Typically funds invest in one currency and it's usually USD. This is because many companies with the ambition to become venture scale, usually move their HQ to a major domicile such as Delaware. VCs tend to standardize their currency for Limited Partners and investments as well and rarely go through the trouble to convert currency.

Join the Leaders of Venture 2.0

Our graduates are creating disruptive capital with exceptional expertise, ethical investing practices, and exceptional returns. Whether you're launching your first fund or scaling an established firm, VC Lab provides the tools, network, and support needed to succeed in today's venture landscape.

Apply Now