Asset Class, a financial technology (fintech) company headquartered in Dublin with offices in New York and London, has completed a $11.6 million Series A funding round, led by fintech-focused venture capital firm Canapi Ventures.
New and existing investors, including Live Oak Ventures, Plexus Capital and Total Technology Ventures also participated in the round.
Formed in 2020, Asset Class provides a range of custom investment management software solutions to clients across financial sectors, with a focus on private equity, venture capital, financial advisory and commercial lending.
The growth capital will allow Asset Class to focus on expanding its employee headcount, specifically in the areas of software and business development. Asset Class intends to capitalise on the positive tailwinds impacting the industry, which include growth in the number of private capital funds and accredited investors seeking access, a digital-first landscape, and trillions of dollars of cash ready to be deployed into the alternative fund strategies that Asset Class serves.
Live Oak Ventures, the investment arm of Live Oak Bancshares, participated in the round to support solutions for its venture capital and private equity customer base.
