Ask Capiva Every alert and decision, in one place
Inbox
External fund interests · 23 from the workbook and documents
Needs you
Ahmed El Maghraby: call 10 on BITKRAFT Ventures Token Fund II not yet paid
$7.5k is marked Pending in Incubayt's syndicate tracker.
Source: Bitkraft Ventures Token Fund - Investors Summary.xlsx · Sheet1
Funds sheet: the TOTAL row leaves out Parkway Fund 2 QP LP, Two Small Fish Fund III, LAUNCH FUND 4
total called (2,467,406) is not the sum of the rows (2,785,520); Incubayt called (870,391) is not the sum of the rows (982,891); total uncalled (1,207,594) is not the sum of the rows (1,289,480); Incubayt uncalled (362,942) is not the sum of the rows (400,442).
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Funds!B12:I12
Bitkraft: call 2 is headed 10.0% but all investors were charged 6.5% of commitment
The per-investor amounts and the call percentage disagree; balances computed from the percentage will not match what was actually called.
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Fund Breakdown!A1:Z14
Summary: reported TVPI 2,484x is company valuation ÷ Incubayt cost
The 'Total Value Expected at Exit' column sums whole-company valuations, so the multiples are not Incubayt's returns. Capiva recomputes TVPI from Incubayt's share of value (column T) and cash received.
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Summary!H25:K34
Bitkraft: remaining balances do not equal commitment minus amounts called
Erik Voldner (9,250 shown, 11,000 by the amounts); Omar AlSaifi (9,250 shown, 11,000 by the amounts); Sami AlSaifi (9,250 shown, 11,000 by the amounts); Ossama Khoreibi (55,500 shown, 66,000 by the amounts); Dae Ha (37,000 shown, 44,000 by the amounts); Foad Mardukhi (18,500 shown, 22,000 by the amounts); Henry Chalhoub (18,500 shown, 22,000 by the amounts); Incubayt Investments Ltd (27,750 shown, 33,000 by the amounts)
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Fund Breakdown!A1:Z14
BIV FUND: 1 of 5 calls have no valid date (call 5)
The date cells are empty.
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Fund Breakdown!A31:Z36
LAUNCH: 1 of 3 calls have no valid date (call 2)
Unreadable values: call 2: '31 september 2024'
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Fund Breakdown!A48:Z53
PAGE ONE: 5 of 5 calls have no valid date (call 1, 2, 3, 4, 5)
The date cells are empty.
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Fund Breakdown!A54:Z59
TWO SMALL FISH: 4 of 11 calls have no valid date (call 6, 9, 10, 11)
Unreadable values: call 6: '14 february 204'
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Fund Breakdown!A60:Z65
VISTA: 1 of 5 calls have no valid date (call 5)
The date cells are empty.
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Fund Breakdown!A66:Z74
Summary: 2024 shows 1 investments, the Startup Investments sheet has 2
Planno, Union Capital Bank
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Summary!C32
Summary: 2025 shows 2 investments, the Startup Investments sheet has 3
Qadi AI, BFS, Bundle
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Summary!C33
Fund shows $26,250 under-paid before the 10th call
BITKRAFT's 10th notice records contributions of 60% with (5.00%) under-paid, i.e. one 5% call was not received by the fund when the notice was issued.
Source: BITKRAFT Ventures Token Fund II, L.P. - Capital Call - Incubayt Investments Ltd..PDF · page 1
7 of 9 funds have no GP notices or statements in the data room
Their calls and commitments come only from the IRR workbook (BITKRAFT Ventures Fund II, PowerPlant Ventures Fund III, Page One Ventures, BIV Fund I, Parkway Fund 2 QP LP, Two Small Fish Ventures Fund III, Launch Fund 4). Add the GPs' capital call notices and latest capital account statements so Capiva can verify the calls and report NAV.
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Funds!B3:J3
For information
BITKRAFT Ventures Fund II: $33.0k still to be called
78% of Incubayt's $150.0k has been called. Keep it available for future calls.
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Funds!B3:J3
PowerPlant Ventures Fund III: $106.4k still to be called
57% of Incubayt's $250.0k has been called. Keep it available for future calls.
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Funds!B4:J4
Vista Equity Partners Fund VIII-A: $131.9k still to be called
60% of Incubayt's $333.3k has been called. Keep it available for future calls.
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Funds!B5:J5
Page One Ventures: $15.0k still to be called
85% of Incubayt's $100.0k has been called. Keep it available for future calls.
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Funds!B6:J6
BITKRAFT Ventures Token Fund II: $35.0k still to be called
65% of Incubayt's $100.0k has been called. Keep it available for future calls.
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Funds!B7:J7
BIV Fund I: $2.5k still to be called
95% of Incubayt's $50.0k has been called. Keep it available for future calls.
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Funds!B8:J8
Two Small Fish Ventures Fund III: $44.4k still to be called
56% of Incubayt's $100.0k has been called. Keep it available for future calls.
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Funds!B10:J10
Launch Fund 4: $37.5k still to be called
75% of Incubayt's $150.0k has been called. Keep it available for future calls.
Source: 2025_IRR Calculation Investments Incubayt.xlsx · Funds!B11:J11
Aug 2024 tracker and 2025 workbook disagree on several entries
Mayple $25k vs $35k and Lava.ai $35k vs $25k (swapped); Imagry 16 Mar 2022 vs 3 Aug 2022; Homecare Hub 3 Sep 2021 vs 25 Sep 2021; Pipe 25 Sep 2021 vs 19 Jan 2022; Baraka exit 5 Mar 2022 vs 30 May 2022; Two Small Fish is called 'Fund II' in 2024 and 'Fund III' in 2025.
Source: Portfolio Tracker ALL Investments_20AUG2024.xlsx · Investment Details - Fund Inv