Zug-based vestr has concluded an oversubscribed financing round from an internaational consortium led by Elevator Ventures. The secured CHF 10 million include equity and non-dilutive capital. The funds will enable the startup to continue its growth trajectory which includes expansion into Asia.
Elevator Ventures is the venture capital arm of Vienna-based Raiffeisen Bank International (RBI). High-profile family offices in Switzerland, Germany, the United States, and Latin America also participated in the round. All existing institutional investors – including EquityPitcher Ventures, Zürcher Kantonalbank, and SIX Fintech Ventures – invested in vestr with significant follow-on investments.
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's platform 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.
In only 5 years, vestr has become a trusted technology partner for international and regional banks, as well as the provider of special-purpose vehicles. Nearly 1000 professional asset managers are already using the platform daily, solidifying vestr’s position as a market standard in active investment management.
Maximilian Schausberger, Managing Director of Elevator Ventures, shares, "We value not only vestr's extensive knowledge of the market needs, but also their forecast of future requirements of active investments. As the venture capital arm of RBI, we encourage companies with a proven product-market fit to grow their customer base internationally and support technology-driven innovation.”
Further developments and expansion into Asia
Building upon vestr’s solid foundation, the startup is developing a fully integrated ecosystem which will, among other things, enable third-party complementors to enrich the platform experience. A number of these data and service providers – including data brokers, ESG analysts, custodians, and digital brokerage firms – are already connected to the platform, with new services being added all the time. Alongside servicing clients across Europe, vestr is expanding its presence in Asia by leveraging its established regional headquarters in Singapore. vestr accompanies established clients on their transition to a digital ecosystem and allows new entrants to build on a flexible platform right from the start.
(Press release)
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