US startup Solovis, a multi-asset class portfolio management and reporting platform, has raised $3.25 million in equity financing led by Edison Partners.
Solovis software generates detailed reports in real-time for investors adopting multi-asset strategies for diversification and risk management. The platform can analyse and model data across multiple portfolios, relationships and pools of capital, then deliver automated, consolidated reports.
Other investors in the financing round included MissionOG, OCA Ventures, Timberline Venture Partners and Northwestern University. Solovis said that it would use the latest funding to drive product innovation and accelerate its growth, targeting foundations, endowments, pensions, OCIOs and family offices as clients.
Josh Smith, CEO and co-founder of Solovis, added: “The confidence shown by these investors in the Solovis vision and platform is extremely gratifying, and speaks to the growing market demand for our product. This funding positions us to significantly increase our growth, accelerate our customer deployments and expand our capabilities for the institutional investment community.”
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