vestr, a Switzerland-based fintech startup, announced that it raised CHF 10 million in oversubscribed financing round, combining a traditional equity investment with a non-dilutive component.
Led by Elevator Ventures, the venture capital arm of Vienna-based Raiffeisen Bank International (RBI), the round combines the resources of high-profile family offices in Switzerland, Germany, the United States, and Latin America.
All existing institutional investors – including EquityPitcher Ventures, Zürcher Kantonalbank, and SIX Fintech Ventures – joined the round with significant follow-on investments.
Dr. Rico Blaser, co-founder and CEO of vestr, highlights: “This new financing provides vestr with the firepower to continue our triple-digit annual growth, while also ensuring manageable equity dilution for existing shareholders.” He continues, “We are extremely pleased with the international consortium we were able to assemble. With their support, we are now optimally positioned for growth.”
vestr has become a trusted technology partner for international and regional banks and providers of special-purpose vehicles in just five years.
The firm distinguishes itself by offering a more consistent process for the launch and management of actively managed investment products. Clients who work with vestr ensure increased efficiency and transparency in the full life-cycle management of these products.
Company: vestr AG
Raised: CHF 10.0M
Round: Equity Investment
Funding Month: October 2022
Lead Investors: Elevator Ventures
Additional Investors: EquityPitcher Ventures, Zürcher Kantonalbank, and SIX Fintech Ventures
Company Website: https://www.vestr.com/
Software Category: Active Investment Management
About the Company: Founded in 2017, vestr is a fintech startup and B2B financial technology provider with an easy-to-integrate platform that digitizes the life-cycle management of actively managed investment products. The tunable software engine handles everything from portfolio rebalancing to investor reporting and audit trails, so issuers and asset managers can focus on their core competencies. With its white-labeled SaaS solution, vestr empowers institutional clients to best serve their customers in a scalable fashion, enabling a bespoke and state-of-the-art user experience. Almost a thousand professional asset managers are already using the platform daily, solidifying the vestr’s position as a market standard in active investment management. With offices across Europe and Singapore, vestr is a fast-growing technology company that has established a market standard for active investment management. The award-winning solution is recognized by Innosuisse, F10 Fintech Incubator & Accelerator, Venturelab, WealthBriefing, Singapore Fintech Association, Venturekick, Google for Startups, the Monetary Authority of Singapore, and Swisscom.