Marketing Info

This Week’s Funding in Tech: CAIS, Ellevest and Eaglebrook Advisors

Alternative investment platform CAIS raised $100 million this week, automated investment provider Ellevest announced a $53 million Series B funding round, and crypto-focused segregated managed accounts platform Eaglebrook Advisors recently raised $2.5 million for a $20 million Series A funding round. Million deal. These funding announcements also come as Federal Reserve officials signal efforts to raise interest rates and reduce assets purchased.

Alternative investment platform CAIS made the biggest announcement of the week, a $100 million continuation of January’s funding round that valued the company at more than $1 billion. $100 million came from investment Reverence Capital Partners, who will Get a seat on the board of directors of CAIS. Milton Berlinsky, Managing Partner at Reverence Capital Partners, will fill that role with immediate effect.

January’s $225 million funding round was led by Apollo and Motive Partners.

“The new capital will be used to fuel the continued expansion of the CAIS platform,” said Matt Brown, CAIS founder and CEO. The firm will increase its workforce and add products and services to its offering. “We will continue to explore opportunities to expand our capabilities through strategic acquisitions,” he said.

Meanwhile, Elevest announced a $53 million Series B funding round led by BMO and Contour Venture Partners. Co-founder and CEO Sally Krawcheck said 90% of the investors in the round are women and underrepresented investors, a group that raised a total of more than $36 million for the round. Returning investors include Melinda French Gates’s Pivotal Ventures, Salesforce Ventures, PayPal Ventures, Allianz Life Insurance Company of North America and Morningstar, which have been investors in the company since its seed round.

With new funding, AUM will add $1.44 billion more “money” and career coaching to the women-focused investment platform. As per the job description, the coaches provide virtual guidance and work with financial planning professionals in the firm, effectively acting as paraplanners.

According to KrawCheck, the funding will also go toward products and offerings, without detailing the nature of those.

“She’s made by women, for women,” Krawcheck said in a statement. “It is also funded by women, with 360 women and underrepresented investors participating in this funding round.”

Eaglebrook Advisors had one of the smaller funding announcements this week. According to the announcement, the cryptocurrency platform added another $2.5 million fund from existing investor Franklin Templeton as part of a “strategic investment.” Christopher King, founder and CEO of Eaglebrook Advisors and Roger Paradiso, Head of Franklin Templeton Product Solutions Said the investment indicated a “partnership” between the two firms.

funding will be used Accelerating technology and product development. Eaglebrook, which counts Dynasty Financial Partners, Mariner Wealth Advisors and Halbert Hargrove Global Advisors among its clients, works with more than 60 RIA firms, 500 advisors and has more than $100 million in assets under management, according to the firm. is more.

Leave a Reply

Your email address will not be published.

Back to top button