Announced
Completed
Financials
Sources
Tags
Acquisition
Private
Minority
Software
Private Equity
financial services
Cross Border
Germany
technology
Friendly
Completed
Synopsis
Toscafund, a London-based multi-asset alternative investment management firm, led a €25m Series C funding round in Elinvar, a WealthTech Platform as a Service, enabling asset & wealth managers to digitalize their business models. The round had participation from investors Ampega Asset Management, finleap and Goldman Sachs. "Wealth management is going through a massive change. In order to offer the best solutions to their clients, wealth managers need to focus on their core competencies and collaborate with other partners, complementary to their expertise. Our goal is to connect the entire ecosystem and to enable our partners to execute their target operating model in the best way possible. We are proud that Toscafund and our existing shareholders share our vision and support us in delivering on it," Chris Bartz, Elinvar CEO and Co-Founder.
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