MyFO, a Vancouver, BC-based platform for family offices and the wealth management professionals who serve them, has raised $3.5 million in funding.
Investors
The round was led by Rhino Ventures, a private investment firm based in the Netherlands, founded in 2012. Rhino Ventures focuses on value-based investments in growth companies across the globe, specifically in early-stage companies within the software, fintech, and financial services industries.
MyFO Use of Funds
The company will use the funding to scale operations, enhance product offerings, and expand its team in response to increasing demand.
About MyFO
Founded in 2021 by Simran Kang and Jonathan Ricci, MyFO provides a comprehensive platform for family offices and wealth management. The platform is designed to simplify and organize financial lives by consolidating data, documents, and stakeholder management. It offers an integrated, end-to-end solution that allows users to manage all aspects of family office operations in one place. MyFO integrates real-time data from over 20,000 sources and provides analytics and scenario modeling tools for portfolio management.
Funding Details
Company: MyFO
Raised: $3.5M
Round: Unknown
Funding Date: October 2024
Lead Investor: Rhino Ventures
Additional Investors:
Company Website: https://www.myfo.tech/
Software Category: Family Offices and Wealth Management
Source: https://www.prnewswire.com/news-releases/myfo-raises-3-5m-in-seed-funding-to-transform-family-office-management-302280000.html