SA国际传媒

, a fintech platform for alternative investments and investors, has raised more than $820 million in a that takes its valuation to over $7.5 billion, the company announced on Thursday.

That鈥檚 up from the just over $6 billion it was valued at in 2021 after raising $50 million in a round led by . Founded in 2013, New York-based iCapital has raised over $1.5 billion in total funding to date, per SA国际传媒 .

and accounts advised by co-led iCapital鈥檚 latest financing. Existing backers , and also participated in the round.

iCapital says it plans to use its new capital toward strategic acquisitions, geographic expansion and further investment in its technology. The fintech has already bought more than 23 companies, including and . Presently, it has 1,875 employees across 16 global offices.

The company services $945 billion worth of assets globally on its platform, saying its interface 鈥渦nifies鈥� onboarding, document workflows, performance data and regulatory compliance. It aims to help wealth managers invest in private markets, structured investments and annuities alongside traditional holdings. For asset managers, the company offers a digital marketplace, data management, AI-powered services and tools, and sales distribution support and reporting.

The funding announcement comes two days after The Bank of New York Mellon Corp. 鈥渢o beef up its alternative investment capabilities.鈥�

shows that investment for U.S. companies in financial services industry聽 categories has held up at robust levels in recent quarters. In particular, wealthtech has been attracting investors as of late. In early July, raised , and in April landed at a $1.9 billion valuation.

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