iCapital Network Completes Financing Round
Summary
iCapital Network announced that it completed a new funding round backed by Morgan Stanley Investment Management, UBS Financial Services, and BlackRock. The company will use the capital to enhance its platform for alternative investments and to expand its operational capabilities. Morgan Stanley also plans to use iCapital’s technology to access advisors and automate private fund operations. The deal highlights growing demand for software that streamlines subscriptions, reporting, and administration in wealth management and private investments.
Funding
Amount
$12.6M
Total raised
Date
July 24, 2017
Announcement date
Investors
Pivot Investment Partners, BlackRock, Credit Suisse
Lead investors
Company
https://icapital.com
Funded company
Classifications
industries
Fintech & Banking
applications
Governance, risk and compliance
AskAI Classifications
Labels
WealthTech
SaaS
Financial Software
Linked Companies
iCapital
$250M to $500M