LibraryHere are some details on questions that may arise as you wire funds to complete your investment.
First, double check that you entered all the wiring information exactly as outlined in the wiring instructions. Most bounced wires happen because of a typo or mismatch in the wiring information.
If your bank has questions about the nature of the wire, you may send them this:
Seed Labs is an investing infrastructure company that administers pooled investment vehicles. Seed Labs LLC is the designated administrator a deal investment vehicle that I am investing into. They provide the software and services around entity structuring, entity maintenance, capital calls, compliance, and more, all in compliance with IRS/SEC guidelines and their BSA/AML policy here. Wires first go to Seed Labs LLC before they are then reconciled into a bank account that is designated for the deal I am investing into. This is an industry-standard flow of funds: Seed Labs LLC functions similarly to other fund administrators moving billions in capital in a similar manner.
Investors like myself and the fund administrator sign an Operating Agreement that includes a responsibility of the fund administrator (Seed Labs LLC) to collect funds on behalf of the investment vehicle. The funds I am wiring today are designated as investment funds for a investment vehicle that I have signed on as a member of.
Seed Labs LLC is the administrator for this investment entity, where one of its obligations is to collect funds on behalf of the investment. Your wire first gets processed by reaching Seed Labs' bank account, where by which it is then allocated to this investment entity against your wire commitment.
It is imperative that you enter the correct account number and memo for funds to be received in a timely manner.
Seed Labs uses a Private Mailbox (PMB) as its primary mailing address. Unlike a PO box, PMBs are real, physical addresses, where mail gets forwarded to the Seed Labs team online for efficient processing.
You will receive an email from Seed Labs as soon as your wire is received. This happens as soon as we receive the wire. Learn more about wire timing here.
