Elinvar is a Berlin-based asset and wealth management platform that connects banks, portfolio managers, third-party providers (such as market data and KYC services) and end clients. Its platform digitises operations including client onboarding, relationship management, onsite advisory support, reporting and invoicing. Founded in 2016, the company has grown to more than 100 employees and opened a second office in Magdeburg. The firm raised €25 million to fuel further expansion; the round was led by Toscafund Asset Management and joined by existing shareholders Ampega Asset Management, finleap and Goldman Sachs, and is subject to BaFin approval. Elinvar plans to expand the business while developing the product to support increasingly complex business models and more self-customisation options. The raise comes as the wealth management sector undergoes digital transformation, positioning Elinvar to capture demand for integrated, digitised services.

Total raised

$30M

Funding rounds

1

Latest round

Equity

Latest activity

Jan 2021