Alphathena Raises $4 Million in Funding

by Kay Aloha Villamor in January 19th, 2024

Alphathena, a Warrenville, IL-based AI-powered direct indexing platform for Registered Investment Advisors (RIAs), has raised $4 million in funding.  

SaaS Investors  

The round was led by ETFS Capital, with participation from Hyde Park Angels.  

Founded in 2018, ETFS Capital is a London-based global venture capital firm investing in businesses operating in capital markets across the world. With a long history in the investment management and capital markets space, ETFS Capital leverages its networks and experience to provide lasting value that supports long-term relationships.  

ETFS Capital and Hyde Park Angels will also join Alphathena's board of directors.  

Alphathena Use of Funds  

The company will use the funding to further develop the platform and expand distribution.   

About Alphathena  

Founded in 2020, Alphathena is an AI-enhanced SaaS platform for Personalization and Direct Indexing, built for RIAs, Wealth Managers and Fintech platforms. It offers customization, direct indexing, automated tax-loss harvesting, optimized allocations, rules-based rebalancing, portfolio transition tools, and much more, available via Web solutions and open API for WealthTech partners to integrate natively into their workflow.   

Funding Details  

Company: Alphathena, Inc.  

Raised: $4.0M          

Round: Strategic Invesment

Funding Month: January 2024                                                              

Lead Investors: ETFS Capital  

Additional Investors: Hyde Park Angels  

Company Website:   

Software Category: Financial 




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