Participated · Series A · Apr 2021

Avanti Financial Group provides a regulated bridge to the U.S. dollar payments system and custody services for digital assets designed to meet institutional custody standards. The company intends to use recent funding to meet required regulatory capital for launch and to fund engineering build and other operating expenses. Avanti has raised a total of $44M since inception, including a $37M Series A disclosed in this article. Backers include a global mix of institutional investors, cryptocurrency companies, family offices, multiple Avanti executives and directors, and individual investors prominent in crypto, tech and asset management. Leadership is headed by founder and CEO Caitlin Long. Avanti is required to comply with U.S. laws including the Bank Secrecy Act and federal KYC/AML rules and will also comply with Wyoming’s special purpose depository institution and digital asset statutes, which require 100% reserved fiat deposits and heightened consumer protections.

Participated · Series B · Oct 2014

iCapital provides an end-to-end platform and marketplace that unifies onboarding, document workflows, performance data, compliance, and distribution for alternative assets, structured investments, and annuities. The company offers Enterprise Solutions, Technology and Data Services, AI-powered tools, and a digital marketplace to support wealth managers, advisors, and asset managers. iCapital says it has invested more than $700 million into its platform since inception and has completed 23 strategic acquisitions to date. It reports $945 billion of assets serviced on its platform, including $257 billion in alternative platform assets, $203 billion in structured investments and annuities outstanding, and $485 billion in client assets reported on. The firm supports over 750 product providers, more than 3,000 wealth management firms, 114,000 active financial professionals, and hosts 2,100 funds on platform, while employing about 1,875 people across 16 global offices. iCapital reports consistent operating profitability and plans to deepen technology, data, and acquisition-driven geographic expansion to further scale its offerings. iCapital Network operates a global fintech platform that streamlines access to private equity, private credit, hedge funds, structured notes, and other alternative investments for wealth management and asset management channels. Its flagship platform combines curated product menus, diligence and research, advisor education, compliance, and portfolio analytics to simplify workflows and lower minimums for high-net-worth clients. The company has expanded its product set to include structured notes and broadened offerings for accredited investors. iCapital reported platform assets of more than $104 billion and a global headcount of over 700 employees, with international platform assets of about $22 billion. It maintains offices and teams outside the U.S., including locations in Zurich, London, Lisbon, Hong Kong, Singapore, Tokyo, and Toronto. iCapital plans to use new capital to enhance its platform technology, expand strategy and product breadth, and pursue strategic acquisitions to broaden client capabilities. iCapital Network is a financial‑technology platform that provides end‑to‑end technology and services to broaden access to private market and alternative investments for wealth advisors, asset managers, banks and high‑net‑worth clients. The company offers a curated menu of private equity, private credit, hedge funds and other alternatives, together with advisor education, compliance, portfolio analytics and diligence capabilities. Proceeds from the latest capital raise will be used to enhance platform technology, expand the breadth of strategies and product types, grow the team, develop market‑leading technology solutions and pursue strategic acquisitions. Since its prior round in March 2020, iCapital has grown platform assets from $46 billion to more than $80 billion, doubled headcount, completed five acquisitions, launched over 45 white‑label partnerships and widened its international footprint. As of June 30, 2021, iCapital services more than $80 billion in global client assets across more than 780 funds and employs over 450 people. The company was founded in 2013 and is headquartered in New York City. iCapital Network operates a modular, end-to-end fintech platform that provides configurable subscription, administration and reporting workflows for private equity, private credit, hedge funds and other alternative investments. The firm’s flagship marketplace offers advisors and high‑net‑worth clients access to a curated menu of private funds at lower minimums plus due‑diligence and administrative support. iCapital’s platform is used by asset managers and banks to scale private-investment operations and to replace or enhance legacy systems. The company said the new capital will be used to enhance platform technology, expand functionality, deepen market education efforts, grow the team and support international expansion across North America, Asia, Europe and the Middle East. As of December 31, 2019, iCapital serviced $46.6 billion in invested capital across more than 100,000 underlying accounts, 470 funds and 55 white‑label partnerships, and had a headcount of 218. The financing strengthened iCapital’s balance sheet to operate as an independent company and continue product and global growth initiatives. iCapital Network provides a modular, end‑to‑end technology and service platform designed to streamline access to private equity, private credit, hedge funds and other alternative investments. Its configurable, highly scalable platform supports subscription, administration, and reporting processes and aims to ease operational burdens and improve the user experience for investors, advisors and asset managers. Banks and asset managers leverage iCapital’s tech‑enabled services to scale and streamline private investments operational infrastructure, while the firm’s flagship offering gives high‑net‑worth investors and independent advisors curated access to private funds at lower minimums with due diligence and administrative support. The company says Blackstone uses iCapital technology to expand access to alternatives in the private wealth segment. iCapital was included in the 2018 Forbes FinTech 50 and, as of June 30, 2018, serviced more than $6 billion in invested capital across more than 14,000 underlying accounts. The firm is positioning its platform as an industry‑standard technology solution for alternative investments and is expanding its strategic investor consortium.