FINTRX, a family office and multi-family office database for the alternative investment industry and private capital markets, has raised $9m in Series A funding.
The round was led by Definitive Healthcare founder and CEO Jason Krantz, who successfully took his company public in September of this year. Definitive Healthcare chief revenue officer Joe Mirisola also participated in the round. Houlihan Lokey acted as financial advisor to FINTRX on the transaction.
The funding will be used to accelerate the build and release of additional modules and product features, significantly expand FINTRX’s business development, expand its data science and data intelligence teams, and bolster the firm’s engineering and data delivery options.
FINTRX said that its software-as-a-service (SaaS) platform empowers its customers to map, access and sell into the complex and fragmented world of family offices and registered investment advisors.
The company offers a myriad of tools within its platform to drive more efficient market research and fundraising efforts. For example, customers can track investment activity, set alerts on future investments that meet their specifications, monitor new investor opportunities, scour news mentions, and leverage the FINTRX Affinity algorithms to uncover their personal relatability to more than 800,000 finance professionals.
Russ D’Argento FINTRX founder and CEO, said, “Over the last five years FINTRX has built a world class information resource to help our clients sell more effectively into the family office and registered investment advisor market. With this round of funding, we will continue to invest in the product and commercial organization to take the company to the next level.”
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