InvestCloud Raises $45M in Growth Equity Funding
Summary
InvestCloud, Inc., a Los Angeles, California-based provider of cloud-based front and middle-office solutions focused on digitizing customer experiences and internal operations for global investment advisors, raised $45m in growth equity funding.The company intends to use the funds to further invest in the platform and functionality, enhance customer service, and expand its global presece.Richard Garman, FTV Capital managing partner, joined InvestCloud’s board of directors in conjunction with the investment.Led by John Wise, chairman and CEO, InvestCloud has built a proprietary technology platform that offers the investment community the ability to build and customize an end-to-end digital experience.InvestCloud serves a wide range of investment managers, including wealth advisors, large family offices, asset allocators (pension funds, endowments), and asset services providers (hedge fund administrators, independent wealth platforms).