LUX Fund Technology and Solutions Raises $6M in Series A Financing
Summary
LUX Fund Technology and Solutions, a NYC-based business and technology solutions provider for the alternative asset industry, raised $6m in Series A financing.Credit Suisse Asset Management’s NEXT Investors made the investment.Founded in 2012 by Nik Takmopoulos, Chief Executive Officer, and Mark Christine, Chief Technology Officer, LUX Fund Technology and Solutions provides Transcend, a SaaS-based front-to-back office automation technology platform for alternative asset managers to automate manual processes across the organization.The platform systematizes the integration of traditional and alternative data from multiple sources, supporting cross-functional analytical reporting as well as structured and ad hoc queries in order to facilitate and improve decision-making.This, in turn, allows users to access exposure, performance, and risk data quickly.