FinTech startup Pactio raises $14m from EQT Ventures to enhance private capital workflows

FinTech startup Pactio raises $14m from EQT Ventures to enhance private capital workflows

Pactio, a next-generation FinTech platform, has successfully completed a $14m Series A funding round.

The round was spearheaded by EQT Ventures, with substantial contributions from high-profile private equity insiders and technology angels.

The investors participating in this oversubscribed round include notable figures such as former Stripe Europe CEO Matt Henderson and Volt founder Tom Greenwood. They join a prestigious group of early backers, among whom are Monzo co-founder Tom Blomfield and GoCardless co-founder Matt Robinson, enhancing Pactio’s robust support system.

Pactio is carving out a niche in the expansive private capital market, which is projected to grow to $29tn in assets under management (AUM) by 2040. The company’s mission is to build the critical infrastructure missing in today’s fragmented market landscape, focusing on the early stages of deal creation. Their platform integrates advanced technology, including artificial intelligence (AI), to streamline the entire investment lifecycle, from deal sourcing to exit.

The newly acquired funds will be utilised to broaden the capabilities of Pactio’s digital architecture. The focus will be on extending its ‘single source of truth’ functionality across the investment lifecycle and enhancing its AI features. This strategic expansion aims to address the increasing complexity and diversification of investment strategies, from private credit to secondaries.

Pactio CEO Eric Heimark shared, “Private markets are evolving into one of the largest and most complex asset classes in the world, yet this progress is being impeded by reliance on manual workflows and a tech stack that’s 30 years out of date.

“As a former PE investor myself with a background in software engineering, it troubled me that the quality of tech does not match the sophistication of workflows and the talent of the parties involved. Investment teams deserve better: digital transformation can dramatically elevate the quality of work, reduce risk, and expand ownership in the private markets industry.”

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