Swiss investment management technology company vestr has raised CHF 10 million in a funding round led by Elevator Ventures, the venture capital arm of Vienna-based Raiffeisen Bank International (RBI).
The round was said to include high profile family offices as well as all of vestr’s existing institutional investors including EquityPitcher Ventures, Zürcher Kantonalbank, and SIX Fintech Ventures.
Founded in 2017, vestr provides white label investment management solutions to institutional clients. Its platform includes features such as portfolio rebalancing, investor reporting, and audit trails.
The funding will enable the company to develop a more comprehensive platform with more third-party integrations, as well as expand its presence in Asia.
“This new financing provides vestr with the firepower to continue our triple-digit annual growth, while also ensuring manageable equity dilution for existing shareholders,”
said Dr. Rico Blaser, Co-Founder and CEO of vestr.
“We value not only vestr’s extensive knowledge of the market needs, but also their forecast of future requirements of active investments,”
said Maximilian Schausberger, Managing Director of Elevator Ventures.
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