InvestCloud

wealthtech-retailother investments platform

FOUNDING YEAR: 2010
LOCATION: United States
Last Update: 01/05/2020

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MEDICI Analysis

InvestCloud is a cloud-based financial services company that develops high-tech scalable solutions enabling businesses to leverage their existing technologies, applications and processes. It has a library of over 300 hyper-modular apps across numerous functional categories with the options for custom digital experiences and for mass customization.

Focus

PRODUCTS & SERVICES

The company provides cloud-based investment management platform.

MAIN CLIENTS

Capital Group

FallLine

Dynasty Financial partners

Conifer Financial Services

EXISTING PARTNERSHIPS

Apex Clearing

Private Client Resources (PCR)

Back Office Support Service (BOSS)

JPMorgan Chase

Traction

VALUATION / MARKET CAP:

$300 M in 2016

People

FOUNDERS

John Wise

Yaela Shamberg

Michael A. Smith

NUMBER OF EMPLOYEES

51-200

INVESTORS:

Altos Ventures

FTV Capital

JP Morgan Chase & Co.

Kern Whelan Capital

Polar Capital Management Inc.

Momentum

FUNDED

YES

TOTAL FUNDING

$98.98 M

DATE OF LAST FUNDING

Jan 2017

SEED & PRIOR FUNDING

$480 K

SEED CLOSED ON

Aug 2010

FUNDING SERIES

SERIES A  · $8.5 M  · Oct 2013

SERIES B  · $45 M  · Oct 2015

SERIES C  · $45 M  · ---

LISTED

NO

COMMENT

An undisclosed private equity fund raised in January 2017.

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