About Abax
Abax Inc. is a Delaware corporation that provides fund administration for venture capital funds. We work with emerging managers running Fund I through Fund III, typically under $50M, and we operate at abax.fund.
We are not affiliated with other companies that use the name Abax.
Why we built Abax
Abax started inside Indelible Ventures' own fund operations. Our founder, Kevin Brockland, was paying around $40,000 a year to administer two venture funds and was still the one checking every statement before it reached an LP.
Small funds were paying institutional prices and doing the quality control themselves. We built the process and the software to do the work properly, then priced it as a flat fee per fund so the cost does not grow with AUM.
What we do
- Fund accounting and ASC 946 books
- Capital calls and distributions
- NAV and capital account statements
- LP and LPAC reporting through an investor portal
- Audit preparation and audit-ready, tax-ready books for your CPA
- AML/KYC and compliance deadline tracking
- SAFE, note and cap table tracking
- Concierge migration from your current administrator
We do not prepare tax returns or K-1s. Your tax advisor does, and we hand them all the information they need to prepare them.
Company facts
- Legal name
- Abax Inc.
- Entity
- Delaware corporation, incorporated 2026
- Founder
- Kevin Brockland
- What we do
- Fund administration for venture capital funds
- Who we serve
- Emerging managers, Fund I to Fund III, typically under $50M
- Pricing
- Flat $5,000 per fund per year, no AUM fees
- Website
- abax.fund