Guide

High level description of Monark's APIs

Monark's primary offering APIs enable brokerages to offer users access to investment in private companies through Special Purpose Vehicles, or SPVs. The API is designed to be intuitive and malleable, enabling you to curate a user experience consistent with existing workflows on your platform. Monark is committed to supporting compliance with all regulatory standards, and we have included adherence to required regulatory considerations in our proposed workflows.

Terms

Before getting set up, it is important to understand the terms that will be used to describe Monark's product in this Guide.

IOI: IOIs, or indications of interest, are non-binding submissions that users can make to express their interest in a potential transaction. Monark collects and stores IOI volume, and enables API users to view IOI volume through a dashboard.

Monark Database: Monark's database is built on PostgreSQL and is used to persist all of the data pertinent to operating our primary offering product. Some of the objects in the database will be populated by Monark, and others will be populated by API users.

SPV: An SPV, or Special Purpose Vehicle, is an LLC set up for the purposes of supporting investment into private companies. Monark has teamed up with Sydecar as our trusted third party fund administrator to handle all the workflows associated with creating and facilitating investment into SPVs.

PreIPOCompany: This is an object in our database. The attributes in the PreIPOCompany object in our database contain high level firmographic information and research reports on the private companies tracked by Monark. We have teamed up with Sacra to provide detailed company level data, which will be made available by our APIs.

PreIPOCompanyInvestment: This is an object in our database. The attributes in the PreIPOCompanyInvestment object in our database contain information about a specific investment opportunity that will be held by an SPV. Monark creates PreIPOCompanyInvestment objects manually once a deal has been made with a seller of shares in a private company.

PreIPOCompanySPV: This is an object in our database. The attributes in the PreIPOCompanySPV object track the specific information about an SPV that describe the terms of the SPV such as minimum investment amount, fees, price per share, etc. In order to invest in a private company, investors on brokerage platforms subscribe to SPVs.

Investor: Investors are objects in our database, and are used to represent the individuals or entities that subscribe to an SPV. Monark requires API users to pass along certain data points about Investors for regulatory and tax purposes.

Accreditation: Accreditation is a process that verifies an investor's ability to invest into private securities. Monark's APIs currently support 506(b) accreditation verification, which means that users can self-certify accreditation status. Monark collects and stores Investors' accreditation status.

Hashed User ID: The Hashed User ID is a unique tag used to identify specific investors. It is provided by API users and is stored by Monark in our database.

Investor Preference Questionnaire: Monark enables brokerage platforms to collect investor preference responses that prompt users to respond to questions around risk tolerance, alternative asset investment experience, liquidity needs, etc. Monark collects and stores investor preference responses in our database and enables API users to view responses through a dashboard.

PreIPOCompanySubscription: This is another table in our database. It used to track the act of an Investor subscribing to, or investing in, a PreIPOCompany through a PreIPOCompanySPV.

Accessing APIs