Founded in 2019, Miami-based Allocations offers software and APIs that automate the formation and administration of special purpose vehicles and other private funds, helping managers lower minimum check sizes and speed up deal execution. The platform has surpassed $1 billion in assets under administration and is used by family offices, angel groups, and venture funds such as Backstage Capital and Vitalize Venture Group, collectively serving over 10,000 private-wealth clients. Allocations generated a $6.25 million revenue run rate in July 2022, up from $4.6 million the previous June. By streamlining workflows that were previously handled by legacy systems, the company lets managers run thousands of SPVs per year with greater automation. Management plans to double down on its API suite and add deeper fund-customization features. Allocations is also exploring blockchain-based fund administration to unlock liquidity and efficiency across the alternative assets market, which it notes could grow from $13 trillion to $23 trillion by 2026.

Total raised

$9M

Funding rounds

2

Latest round

Equity

Latest activity

Sep 2022