Bridge, a FinTech company developing the first AI-native operating system for private market allocators, has raised $5.1m in a seed financing round led by Thicket Ventures.
The round also included participation from several high-profile industry figures, including Bill Lewis (ex-Lazard, ex-Morgan Stanley), Bob White (Bain Capital), Nate Sleeper (CD&R), Dani Fava (Carson Group), Ed Swenson (Dynasty), Molly Bennard (ex-Focus Financial), Peter Lee (Summit Trail Advisors), Chris Piazza (KKR, ex-iCapital), and David Hauser (Vanilla), among others.
In conjunction with the investment, Thicket Ventures founder and general partner Justin Wisz will join Bridge’s board of directors.
Bridge, founded by Alex Goodwin and Ayo Ekhator, alongside a founding engineering team from Microsoft, Uber, and Plaid, provides an end-to-end digital platform that helps allocators manage, evaluate, and access alternative investments. The system consolidates manual workflows into one unified solution for wealth managers, RIAs, family offices, and institutional investors.
The company plans to use the new funds to expand its team and accelerate the rollout of its product.
Bridge CEO Alex Goodwin said, “AI is enabling us to fundamentally reimagine the infrastructure on which alternative investments are operated.
“We are in the midst of a major inflection point at the intersection of private markets and technology – demand for the asset class continues to skyrocket, while the commercial application of AI has unlocked a new standard for analyzing and reporting on these investments with ease. Bridge is emerging as the platform of choice to address what is a category-defining opportunity.”
Thicket Ventures founder and general partner Justin Wisz said, “Bridge is solving the hardest problems for allocators to private markets with an end-to-end solution that scales independently by using AI at its core.
“We see Bridge as the leader of a new paradigm, capitalizing on two of the most relevant trends in finance: the modernization of technology in wealth management and the proliferation of alternative investing. The macro tailwinds behind alts are well demonstrated, and as such, we have been looking for a leading management team to back for some time. Bridge is the most impressive company we have seen in this space, both for the technical capability of its founding team and their novel solution to the operational challenges that RIA’s, family offices and institutions face every day in the $30T market for alternative investments.”
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