Wealthtech solutions provider InvestSuite has completed a €6 million Series A investment round, bringing the total raised to €15 million since inception.
Founded in 2018, the company develops white-label portfolio construction, digital investing and portfolio reporting solutions for financial institutions.
It has over 20 clients in 14 countries, primarily in Europe and the Middle East, with plans to expand to Asia and North America. The company has 70 employees and offices in Leuven, London, Warsaw, Amsterdam, and Sydney.
The funding round also saw the addition of two new strategic investors, the Cronos Group and OSOM Finance, next to existing investor PMV as well as other institutional and angel investors.
Anton Altement, CEO and Co-Founder of OSOM Finance will join the board, while banking executive Frank Stockx will represent the Cronos Group and serve as the new Chairman of the Board.
“This round of financing is a recognition of our mission to bring the best services in InvestTech to the widest possible audience. It enables us to execute our growth ambitions, expand our team and bring our innovations to financial institutions around the globe,”
said Laurent Sorber, CTO and Co-Founder of InvestSuite.
“I am very pleased that entrepreneurs like the Cronos Group and OSOM Finance will join our board. They will bring unparalleled entrepreneurial drive and extensive wealth management and investment expertise to the table,”
said Bart Vanhaeren, CEO and Co-Founder of InvestSuite.