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New Deal


Announced

Completed

Insight Partners led a $50m Series B funding round in Altruist.

Financials

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Transaction Value£36m
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Acquisition

Minority

Completed

Friendly

Venture Capital

Private Equity

Domestic

United States

digital investment platform

Private

Digital Services

Synopsis

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Insight Partners, a venture capital and private equity firm, led a $50m Series B funding round in Altruist, a developer of a digital investment platform designed to help financial advisors serve their clients. Other investors include Venrock and Vanguard. "Just like any financial advisor, Altruist wants to help people feel great about their money. At the same time, we want to help our industry innovate beyond the antiquated and expensive legacy tools that impede financial advisors and their clients. There are millions of people who want real, quality financial help, and there are thousands of advisors who want to serve a diverse community of investors. Altruist is here to bridge that gap," Jason Wenk, Altruist Founder and CEO.

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