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Synopsis
EQT Ventures, a investment company, led a $14m Series A financing in Pactio, a software development company. “Private markets are evolving into one of the largest and most complex asset classes in the world, yet this progress is being impeded by reliance on manual workflows and a tech stack that’s 30 years out of date. As a former PE investor myself with a background in software engineering, it troubled me that the quality of tech does not match the sophistication of workflows and the talent of the parties involved. Investment teams deserve better: digital transformation can dramatically elevate the quality of work, reduce risk, and expand ownership in the private markets industry,” Eric Heimark, Pactio Co-Founder and Chief Executive Officer.
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