The Swiftarc Ventures was founded in 2019 by Sid Jawahar.
Investmentsedit
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 & Fraudedit
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 direct violation of the Texas State Securities Board's order to cease and desist from engaging in fraud, Mr. Jawahar solicited a $1 million investment from an investor only weeks after the order was given. In December 2023, Sid Jawahar was indicted by a grand jury in the U.S. District Court in St. Louis on three counts of wire fraud and one count of investment adviser fraud. In January 2024, Mr. Jawahar was arrested in Miami. He could face up to 20 years in prison for each count of wire fraud and up to five years for investment fraud[8]
Referencesedit
^"Swiftarc Ventures LLC - Company Profile and News - Bloomberg Markets". www.bloomberg.com. Retrieved September 13, 2022.
^"Why this venture capital firm is only hiring women in 2022". Fortune. Retrieved August 6, 2022.
^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.
^Билык, Кирилл (August 17, 2021). "Swiftarc Ventures запустил фонд для женских бьюти-стартапов". Rusbase (in Russian). Retrieved August 6, 2022.
^"Pandemic prompts launch of new $75M US telemedicine fund from Swiftarc Ventures". TechCrunch. January 24, 2022. Retrieved August 6, 2022.
^"Swiftarc Launched A Telehealth-Focused Venture Fund With $75 Million To Invest". OPEN MINDS. February 9, 2022. Retrieved August 6, 2022.
^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.
^AttorneysOffice, US (January 8, 2024). "Notable Litigation - July 2023". DOJ. Retrieved January 8, 2024.
swiftarc, ventures, american, based, early, growth, stage, venture, capital, fund, headquartered, york, city, company, typeprivateindustryventure, capitalfounded2019founderssid, jawaharheadquartersnew, york, city, websiteswiftarcventures, comswiftarc, also, of. Swiftarc Ventures is an American based early and growth stage venture capital fund headquartered in New York City 1 Swiftarc VenturesCompany typePrivateIndustryVenture capitalFounded2019FoundersSid JawaharHeadquartersNew York City U S Websiteswiftarcventures comSwiftarc also has offices in Miami FL Contents 1 History 2 Investments 3 Controversy amp Fraud 4 References 5 External linksHistory editThe Swiftarc Ventures was founded in 2019 by Sid Jawahar Investments editSwitarc 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 amp Fraud editIn 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 direct violation of the Texas State Securities Board s order to cease and desist from engaging in fraud Mr Jawahar solicited a 1 million investment from an investor only weeks after the order was given In December 2023 Sid Jawahar was indicted by a grand jury in the U S District Court in St Louis on three counts of wire fraud and one count of investment adviser fraud In January 2024 Mr Jawahar was arrested in Miami He could face up to 20 years in prison for each count of wire fraud and up to five years for investment fraud 8 References edit Swiftarc Ventures LLC Company Profile and News Bloomberg Markets www bloomberg com Retrieved September 13 2022 Why this venture capital firm is only hiring women in 2022 Fortune Retrieved August 6 2022 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 Bilyk Kirill August 17 2021 Swiftarc Ventures zapustil fond dlya zhenskih byuti startapov Rusbase in Russian Retrieved August 6 2022 Pandemic prompts launch of new 75M US telemedicine fund from Swiftarc Ventures TechCrunch January 24 2022 Retrieved August 6 2022 Swiftarc Launched A Telehealth Focused Venture Fund With 75 Million To Invest OPEN MINDS February 9 2022 Retrieved August 6 2022 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 AttorneysOffice US January 8 2024 Notable Litigation July 2023 DOJ Retrieved January 8 2024 External links editHomepage Swiftarc Group on Instagram Retrieved from https en wikipedia org w index php title Swiftarc Ventures amp oldid 1210166123, wikipedia, wiki, book, books, library,
