FundAdminChain (FAC) operates a digital distributed network that connects fund investors, managers and service providers to launch, distribute and trade investment funds. The platform is designed to simplify and streamline the funds value chain while creating additional revenue opportunities for industry participants. FAC says it will use the seed investment to develop its platform further into the fund distribution phase of the value chain. The company and investors frame the product as an application of enterprise blockchain technology to modernise antiquated, inefficient fund processes. FAC reports traction in the UK market and applicability internationally, and notes support from the fund management community representing over 40% of the UK funds market. The company closed the first tranche of a planned £3m seed round after the tranche was oversubscribed.

Total raised

$4M

Funding rounds

1

Latest round

Seed

Latest activity

Dec 2020