Fundpath, a London, UK-based data and technology business bridging the information disconnect between asset managers and wealth managers, completed a £4 million late seed funding round with Fuel Ventures.
The investment round will enable Fundpath to extend the breadth and depth of its systems and data and to invest in new technologies.
Launched in 2021, the intelligent data-driven SaaS platform Fundpath is transforming the traditional sales process, enabling fund buyers and allocators to share their business responsibilities, parameters, interests, and intentions quickly and securely with asset management firms.
This helps asset management fund distribution teams deliver a superior client experience by communicating relevant, timely, and actionable investment information, thereby improving the quality and relevance of engagement between fund buyers and sellers.
Fundpath Co-Founder & CEO, Jamie Hinchliffe, explains: “Our mission is to bridge the information disconnect between the buyers and sellers of funds. Over the last 18 months, we’ve been working even closer with the wealth and asset management industry to do just that. Now, with Fuel’s investment and hands-on support, we can continue to innovate, launch supporting tech platforms, and invest in the very best people.
“The Fundpath team is extremely excited about this next phase of growth, providing the industry with ever smarter solutions, to further improve professional lives.”
Company: Fundpath Limited
Raised: £4.0M
Round: Late Seed Round
Funding Month: March 2023
Lead Investors: Fuel Ventures
Additional Investors:
Company Website: https://www.fundpath.co.uk/
Software Category: Financial Software
About the Company: Founded in 2021, Fundpath is an innovative solution that bridges the information disconnect by allowing asset managers to quickly understand who they should be talking to, when, and about what, helping wealth managers to spend time on issues that are important to them. Fundpat developed a financial software designed to bridge the information disconnect between asset managers and wealth managers. The company provides a simple and secure way for wealth managers to share information with the asset management industry. Fundpath harnesses the power of collective data, AI, and technology to modernize the fund-buying process.
Source: Fundpath Press Release