Evolute offers comprehensive technology and outsourcing solutions for wealth and asset managers in Switzerland, operating a platform used by 17 clients with assets of CHF9 billion. The company rebounded after separating from Swisscomply and reported strong financial performance: revenue grew 600% to CHF1.5 million in 2018, driven by customers including Finaport, VT Wealth Management and LimmatWealth. Evolute says the new capital creates security for its long-term development and to execute its strategy step by step. The firm plans to expand its platform in 2019 with a mobile advisory solution, support for management and reporting of non-bankable and crypto assets, and integration of a product marketplace. The company is based in Zurich and positions itself as a technology and outsourcing partner for Swiss asset managers. The recent financing improves its financial runway to pursue those product and platform expansions. Evolute provides technology wealth- and asset-management solutions for compliance, legal and risk management, as well as data operations. The company is led by CEO Kaspar Wohnlich and serves banks, asset managers (with and without collective investments) and family offices. It has locations in Zug and Zurich, Switzerland and Lviv, Ukraine, and employs 48 people. In March Evolute merged with SwissComply, a provider of regulatory services for asset managers. The company plans to use new capital to further develop its platform and expand technologies for portfolio optimization. Evolute has also been included in the Growth Accelerator Program of the Swiss Startup Factory.

Total raised

$16M

Funding rounds

2

Latest round

Equity

Latest activity

Mar 2019