Performativ, a Copenhagen, Denmark-based SaaS-based client reporting software company, has secured €5.5 million in seed funding.
SaaS Investors
The round was led by FinTech Collective (FTC), with participation from UpFin, iGlobe Partners, and the Danish Sovereign Wealth Fund (EIFO).
Founded in 2012, FinTech Collective is a venture capital firm based in New York, New York. The firm prefers to invest in seed-stage and early-stage companies.
Performativ Use of Funds
The company plans to utilize the funding to transform the outdated and underserved wealth management industry across Europe.
About Performativ
Founded in 2020 by Albert Geisler Fox and Peter Barry, Performativ develops a wealth management platform intended to seamlessly transform complex tasks into intuitive experiences for the clients. The company's platform offers communication with clients, financial performance, product documentation, asset allocations, attributions, and billing services, enabling clients to easily scale their business and satisfy their customers. It serves investment advisors, single-family offices, wealth advisors, and financial institutions. Currently operating in five countries, the company is expanding its target markets, showcasing the transformative impact of its services.
Funding Details
Company: Performativ ApS
Raised: €5.5M
Round: Seed Round
Funding Month: November 2023
Lead Investors: FinTech Collective
Additional Investors: UpFin, iGlobe Partners, and the Danish Sovereign Wealth Fund (EIFO)
Company Website: https://www.performativ.com/
Software Category: Wealth Management Software
Source: https://siliconcanals.com/crowdfunding/performativ-raises-5-5m/