Pontoro, the FinTech firm, today revealed its successful accumulation of $4.6m during its Seed II fundraising endeavour.
The funding round, oversubscribed and reflecting a notable appreciation in the company’s valuation, was led by Ulu Ventures and saw contributions from Illuminate Financial, Nevcaut Ventures, W11 Capital, among others.
Pontoro is at the forefront of financial innovation, crafting a unique and structurally distinct platform. This development aims to increase accessibility to high-quality private market real assets, ushering in a new era for institutional investments.
This recent injection of capital will propel Pontoro forward, enabling the further advancement of its patented technology. The platform is set to offer market players enhanced customisation, pricing, and liquidity.
Pontoro’s journey, which began in the latter part of 2018, has been driven by a vision to increase investor involvement in tangible private market assets. The company is gearing up to offer a groundbreaking technological solution. This novel platform will provide features not commonly available in standard private investment opportunities, such as better liquidity and simplified fund management. The primary objective remains to tackle the substantial $15tn deficit observed in infrastructure debt financing.
Pontoro CEO and Co-Founder Antonio Vitti commented on this milestone, “The additional funding is a testament to our team, technology, and the corporate infrastructure we have built since our first seed round. Our investors’ confidence underscores the strength of our patented technology solution, and our top-notch international legal, regulatory, and tax strategic partnerships.”
Ulu Ventures’ Cofounder and Managing Director Clint Korver shared his enthusiasm, “Pontoro is poised to become the first technology solution for the pressing need to unlock access to investment in infrastructure financing. It will be a sophisticated technology solution led by a seasoned and highly respected team of both finance and technology experts, and we are excited about its potential to vastly improve market dynamics.”
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