Markets we serve
We only work where it’s legal to work this way.
In many countries, taking a success fee for fundraising introductions requires a securities licence. We read the statutes market by market—not the blog posts—and we operate only where it doesn’t. Every live market below comes with hard guardrails—offeree limits, professional investors only, no client funds—that we treat as walls, not suggestions.
🇮🇳
India
Live now. Advising a private company on its own raise and introducing it to identified angels and institutional investors is not a SEBI-licensed activity—private placements of unlisted securities sit outside SEBI’s purview.
Offers go only to pre-identified investors, within the Companies Act Section 42 limit of 200 offerees per year. No public solicitation. Funds always flow directly from investor to company.
🇨🇭
Switzerland
Live now. Swiss licensing attaches to services provided to investors—not to a company raising its own round. Issuer-side capital-raising support falls outside FinSA’s licensed perimeter, per FINMA’s published practice.
We advise companies only and never investors, hold no funds or securities, and keep every round a private placement to professional investors within Swiss limits.
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New Zealand
Live now. The Financial Markets Conduct Act has no licence category for introducing companies to investors, and advice given solely to wholesale clients—angels, VCs, investment businesses—requires no licence.
Wholesale investors only, with eligible-investor certificates on file for every round. Bespoke introductions, no platform, and we never touch investor money.
🇨🇴
Colombia
Live now. Colombia licenses intermediation in the public securities market. A targeted private raise to identified professional investors sits outside that perimeter—no Superintendencia Financiera licence applies.
Fewer than 100 identified offerees per raise, no open solicitation and no platform, and funds always flow directly from investor to company.
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Peru
Live now. Peru’s securities law expressly excludes private offers from its reach—licensed intermediaries are mandatory only for public offers.
Targeted, personal outreach to a limited circle of institutional and sophisticated investors. No advertising, no platform, no client funds.
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Argentina
Live now. Argentina’s 2024–25 capital-markets reform created an express private-offer safe harbour (CNV Resolution 1088/2025)—compliant private placements need no CNV authorization or licensed agent.
Up to 50 qualified and 30 non-qualified investors contacted per round, sales to at most 35, written private-offer notices, and no public promotion of any kind.
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Kenya
Live now. Kenya’s Capital Markets Act carves private-company securities out of its licensing perimeter—compliant private offers need no licensed intermediary.
Private companies only, at most 100 identified offerees per raise, no public advertising, and we never handle client money.
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More markets in review
Under legal review. Brazil, Mexico, Israel, Vietnam, Indonesia, and Georgia are working through our regulatory review now. We list a market only once we’re confident this model is lawful there.
Founders in these markets can join the waitlist through the application form—we’ll reach out the moment their market clears.
Where we don’t operate
The United States, United Kingdom, European Union, Canada, Australia, Singapore, Hong Kong, Japan, South Korea, Taiwan, the UAE, Saudi Arabia, Thailand, Malaysia, the Philippines, Turkey, South Africa, and Chile all require broker-dealer or equivalent registration for success-fee fundraising intermediation—so we don’t take clients incorporated there and we don’t introduce companies to investors in those jurisdictions.
This reflects Dojo Fund’s own regulatory review as of July 2026 and is not legal advice—please confirm with counsel in your own jurisdiction before you raise. The list will grow as further markets clear our review.