Sputnik ATX launches first Shari’a compliant VC Fund

Sputnik ATX launches first Shari’a compliant VC Fund

Texas, USA - Sputnik, today announces receiving Sharia certification for its Sputnik ATX Fund II as a mark of compliance from Shariyah Review Bureau (SRB) – a Bahrain based Shariah advisory firm licensed by the Central Bank of Bahrain.

Sputnik is already one of the top performing venture capital funds, deploying smart capital with education to the most impactful technologies and founders. Joe Merrill, the General Parter said "We attract the top global ventures to apply for funding and select less than 1% to join our portfolio and come to Austin, Texas for training. We de-risk investment by teaching nerds how to sell and scale, improving returns and also providing us unrivalled diligence on founders and their companies."

Managing General Partner, Oksana Malysheva, added that "Sputnik ATX successes are recognized not only our top decile performance, but the quality of the co-investors in our portfolio. The top funds in the world come to us for deal flow. Our investors get on cap tables earlier for superior returns."

Speaking on the newly assigned Sharia Advisor, Joe said “We wanted to set up a VC Fund that focused on technology, services, consumer goods and resonated with our Islamic faith driven investors. Given the market name,