Wealth management software provider Eton Solutions has secured $58 million in a Series C funding round led by Navis Capital Partners.
Eton Solutions says the fundraise “unfolded in two tranches” and will be used to fuel the further development of AtlasFive, its flagship wealth management platform launched in July 2024, with a particular focus on adding more AI-driven features.
The AtlasFive platform aggregates and manages data, reporting, and workflow processes for family offices, and can also be used as a white-labelled solution by institutional clients managing liquid and alternative investments.
The fintech adds that the funding will also be used to “expand its suite of products targeting the PE and funds industry”, with the company looking to develop products targeting “a broader range of ultra-high net-worth levels, beginning with individuals with $25 million or more in assets”.
The company’s current client base, up 340% in three years, spans single and multi-family offices, private equity firms, funds, registered investment advisors (RIAs), accounting firms, business managers, and global private banks, with Eton Solutions adding that AtlasFive “is already in use by more than 800 of the world’s wealthiest families”.
Eton Solutions claims to have invested $50 million into the development of its product suite since being founded by CEO Rob Mallernee in 2015. The company currently employs 425 people between its US headquarters in North Carolina and its international headquarters in Singapore, and manages over $1 trillion in assets through its platform.
Source: https://www.fintechfutures.com/
