Online alternative asset investment marketplace Cadre has picked up $65m in a Series C round led by heavyweight VC Andreessen Horowitz.
New investors Breyer Capital, Ford Foundation, General Catalyst, Goldman Sachs, Khosla Ventures and Thrive Capital also participated alongside existing backers DST, Founders Fund and SL Green.
The New York-based company aims to lower the barrier to alternative asset investing by automating the investment process and using data science to more quickly analyse individual assets and identify market-level trends and opportunities.
Cadre CEO and co-founder Ryan Williams commented: “We welcome Andreessen Horowitz as investors and look forward to a great partnership as we continue to scale Cadre.
“With a laser focus on our mission, we’re creating a platform that allows people to expand their financial futures. We believe that with technology, we can drive down marginal costs and enable broader access to attractive investment opportunities.â€
The new financing will be used to drive expansion around the US and internationally as well as further develop its data programme and to grow its tech and real estate teams.
Cadre’s total funding now exceeds $133m with it previously raising a $50m Series B in January 2016.
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