Swiftarc Ventures
TypePrivate
IndustryVenture capital
Founded2019
FoundersSid Jawahar
HeadquartersNew York City, U.S.
Websiteswiftarcventures.com

Swiftarc Ventures is an American-based early and growth stage venture capital fund headquartered in New York City.[1]

Swiftarc also has offices in Miami, FL.

History

The Swiftarc Ventures was founded in 2019 by Sid Jawahar.

Investments

Switarc invests on telehealth and early-stage consumer tech and food sustainability companies.[2]

Its major invests include Intellihealth,[3] R-Zero, and Artiphon.[4]

The firm has two separate invest funds - Swiftarc Venture Labs Fund, Swiftarc Telehealth Fund.[5][6]

Controversy & Fraud

In 2022, Swiftarc Ventures founder Sid Jawahar was ordered to cease and desist from engaging in fraud after it was found that, since September 2019, Swiftarc Capital and Jawahar had been engaging in fraud by overvaluing an illiquid, sizable position owned by the Swiftarc Fund, LP (the “Fund”), which was managed by Swiftarc Capital and Jawahar. As a result of his fraudulent activity, Mr. Jawahar's fund, Swiftarc Capital, LLC, had its investment adviser registration revoked by the Texas Securities Commissioner.[7]

In addition to the aforementioned, Mr. Jawahar has found himself embroiled in a handful of legal cases asserting fraudulent acivity, including an alleged Ponzi Scheme run by Mr. Jawahar through Order of Magnitude Ventures, LLC.[8]

References

  1. ↑ "Swiftarc Ventures LLC - Company Profile and News - Bloomberg Markets". www.bloomberg.com. Retrieved September 13, 2022.
  2. ↑ "Why this venture capital firm is only hiring women in 2022". Fortune. Retrieved August 6, 2022.
  3. ↑ Torrence, Rebecca (January 25, 2022). "First telehealth-focused VC fund launches with $75M for enterprise solutions in mental health, obesity, pediatrics". Fierce Healthcare. Retrieved September 13, 2022.
  4. ↑ Билык, Кирилл (August 17, 2021). "Swiftarc Ventures запустил фонд для женских бьюти-стартапов". Rusbase (in Russian). Retrieved August 6, 2022.
  5. ↑ "Pandemic prompts launch of new $75M US telemedicine fund from Swiftarc Ventures". TechCrunch. January 24, 2022. Retrieved August 6, 2022.
  6. ↑ "Swiftarc Launched A Telehealth-Focused Venture Fund With $75 Million To Invest". OPEN MINDS. February 9, 2022. Retrieved August 6, 2022.
  7. ↑ Ochoa, Christi (June 7, 2022). "Investment – Overvalued and Up in Smoke: Securities Commissioner revokes investment adviser for fraudulent overvaluing scheme". Texas State Securities Board. Retrieved June 7, 2022.
  8. ↑ LLP, McGuireWoods (August 28, 2023). "Notable Litigation - July 2023". JDSPURA. Retrieved August 28, 2023.
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