Alternative investment tech platform RealBlocks has secured $7m in a series A round led by Crosslink Capital.
The WealthTech company will use the new cash injection to scale its business, engineering teams and meet growing customer demand, according to Private Equity Wire.
The tech startup was launched in 2019. It provides open access to alternative investment such as real estate, infrastructure and private equity. At the same time, out aims to improve the investment experience for wealth managers, advisors and investors.
“We are thankful for the ongoing support of our existing investors and excited to now be working with Crosslink Capital who has a great track record of unearthing category-defining companies,” says Perrin Quarshie, founder and CEO of RealBlocks.
“The Covid-19 pandemic has only intensified investors’ desire to access the alternatives market, yet it has also highlighted what a challenge it is to gain access to this market. RealBlocks addresses this issue by providing the distribution and trading infrastructure needed to unlock access to alternative investments for financial intermediaries.
“The additional capital from our investors will enable us to scale the RealBlocks platform as we continue to build a better alternative for the modern investment community.”
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