Anduin builds a Fund Subscription and Data Room ecosystem that streamlines investor onboarding and fund documentation for private markets. Its core platform automates onboarding workflows and manages data rooms to connect LPs and GPs efficiently. The company has helped 27,000+ investors onboard at 510+ funds that have raised over $55 billion in capital globally. Led by CEO Eliot Hodges, Anduin plans to deepen platform functionality and integrations. It intends to expand beyond onboarding to support ongoing connections between GPs, LPs, and partners across asset classes and geographies. The company will use new funding to accelerate growth and broaden its product capabilities. Anduin builds an end-to-end cloud financial platform that centralizes workflows for private-market transactions, including diligence, milestone reporting, auditing, and deal negotiation. The platform aims to make private transactions as efficient and transparent as public ones by creating common standards and trust. Anduin is targeting a large private market (estimated $7.4 trillion AUM) and plans to move up-market to serve large, multi-billion-dollar AUM firms on the East Coast. The company will deploy part of its recent funding to expand its sales and marketing team. Anduin has shown commercial traction, having more than doubled sales after pivoting from a basis-point pricing structure to a subscription model in late 2020. Existing customers have increasingly recommended the platform to limited partners at other funds, producing self-marketing momentum. Leadership includes CEO Eliot Hodges (recruited by co-founder Joe Lonsdale) and co-founder/CTO Alin Bui, who previously served as CEO and held roles at IBM, NASA, and Walmart.

Total raised

$29M

Funding rounds

2

Latest round

Series B

Latest activity

Jul 2023