Private markets FinTech Anduin scores $15m in Series B
Summary
The round witnessed participation from investors who firmly believe in the vision Anduin represents, demonstrating a continued commitment to innovation and technological development in the private markets sector.At its core, Anduin aims to transform investor onboarding, a process traditionally seen as a necessary evil for both GPs (General Partners) and LPs (Limited Partners). By focusing on digital solutions, Anduin makes the onboarding process smoother and more efficient, helping to eliminate the tedious task of sifting through spreadsheets, emails, and paperwork.With the fresh capital of $15m in their pocket, Anduin plans to supercharge its impact by expanding the scope and scale of its critical infrastructure. In 2022 alone, a staggering 4% of all global capital raised was facilitated by Anduin, marking a significant footprint in the industry. The company has helped hundreds of future-forward GPs onboard over 27,000 investors and raise more than $55bn in capital, proving the effectiveness and influence of its model.In a statement, an Anduin spokesperson expressed their gratitude, We remain grateful to every investor who believed in our vision, every GP, LP, fund administrator, and law firm that gave us feedback, and every Anduin colleague that strove for excellence. Thank you for pushing us to build better private markets for everyone.Anduins Series B funding follows its impressive journey in closing the infrastructure gap in the private markets and revolutionising transactions, setting a high bar for the future of the FinTech industry.Keep up with all the latest FinTech news here