Vauban, which enables investors to build funds and investment vehicles online, has reportedly closed its seed round on £1.6m.
The capital was supplied by VC Pi Labs, Kima Ventures, Westloop Ventures, Argonautic Ventures and UFP Fintech, according to a report from AltFi.
Funds from the round will be used to release products for the real estate and special purpose vehicles spaces.
The wealth container platform lets users setup and deploy complex legal entities within hours, with tools including transactional banking, fund structuring, legal documentation, onboarding, accounting and more.
It claims to have more than 100 wealth containers on the platform, with more than $200m invested through Vauban.
Vauban chief operating officer and founder Ulric Musset told AltFi, “This funding round will allow us to effectively expand with an eye on real estate, private equity, private debt and collectibles in new jurisdictions.”
“With support from Pi Labs, which is largely considered to be the most impactful and established investor into the PropTech market, we have a strong network to effectively launch into the real estate market and continue to grow our customer base.”
Copyright © 2020 FinTech Global
