Dublin fintech Asset Class raises $11.6m to grow its team

Asset Class is working to create a completely integrated, end-to-end investment management platform for clients across financial sectors. The post Dublin fintech Asset Class raises $11.6m to grow its team appeared first on Silicon Republic.

Dublin fintech Asset Class raises $11.6m to grow its team

Dublin-headquartered fintech firm Asset Class has secured $11.6m in a Series A round, to boost its software and business development capabilities.

The funding round was led by fintech-focused venture capital firm Canapi Ventures, with participation from Live Oak Ventures, Plexus Capital and Total Technology Ventures.

Asset Class, which was founded in 2020, provides software to clients across financial sectors including private equity venture capital, financial advisory and commercial lending. The Dublin-based company also has offices in New York, Atlanta and London.

The firm said it has achieved impressive growth since it announced a $3m seed round last year, as businesses have turned to Asset Class to manage the end-to-end investor life cycle.

“As we’ve grown, we like to say that the venture capital, private equity and commercial lending firms we work with come for the technology we provide and stay for the network we offer,” said Asset Class CEO Ferdinand Roberts today (11 July).

“Our client-first approach has led us to achieve incredible growth, and this new round of funding will only propel us further on our mission to offer a completely integrated, end-to-end investment management platform in the alternatives space,” Roberts said.

Asset Class now services more than 300 funds totalling $33bn in assets under management, across a network of more than 15,000 accredited investors.

The company now seeks to expand its employee headcount, specifically in the areas of software and business development.

Asset Class said it intends to capitalise on the “positive tailwinds” impacting the industry, such as growth in the number of private capital funds seeking access to alternative fund strategies.

“We have been extremely impressed with the growth of Asset Class over the past year,” said Canapi Ventures general partner Neil Underwood.

“The company’s unrivaled ability to bring secondary market liquidity to the private capital markets and provide fund managers with better investor oversight has positioned the company at the forefront of the industry, opening up many exciting opportunities for the future,” Underwood said.

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The post Dublin fintech Asset Class raises $11.6m to grow its team appeared first on Silicon Republic.