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Finance Financial Services FinTech Impact Investing Information Technology North America Software

SIMON Raises $100 Million in Series B Funding to Fuel Next Growth Phase for Digital Wealth Management Platform

– SIMON Markets LLC (“SIMON”), a fintech company transforming the digital wealth management landscape through its leading platform for financial professionals, and which makes risk-managed and alternative investment solutions broadly available, has closed the first leg of a strategic financing round of up to $100 million of growth capital.
– The Series B round is led by WestCap, a growth equity firm founded by Laurence Tosi, former CFO of Airbnb and Blackstone, known for investments backing market leading tech-enabled, asset-light companies. Existing investors also are participating in the round.

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Finance Financial Services FinTech Impact Investing Information Technology North America Software

Simon Markets Raises $100M in Series B Funding

– Simon Markets LLC, a NYC-based digital wealth management platform for financial professionals, closed the first leg of a strategic financing round of up to $100m of growth capital.
– Series B round was led by WestCap, with participation from existing investors.
– The company intends to use the funds to further advance its core offering across structured investments and annuities, while driving additional growth initiatives centered on product and geographic expansion.

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Financial Services Impact Investing Incubators North America Venture Capital

MVL Raises $8M and Announces Startup Studio Innovation

– Madrona Venture Labs (MVL) has raised $8m in a new round of funding from its investors, including Spencer Rascoff, former Zillow CEO; Elie Seidman, former Tinder CEO; Court Lorenzini, co-founder DocuSign; Elena Donio, former Axiom CEO; Elissa Fink, former Tableau CMO; Julie Larson-Green, former Qualtrics CXO; Erik Blachford, former Expedia CEO; Mike McSherry, Xealth CEO; Jon Gelsey, former Auth0 CEO; Chad Cohen, Adaptive Biotech CFO; and Ralph Pascualy, former Swedish Medical Group CEO.

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