Backers included Point 72 Ventures, Calibrate Management, and Tectonic Ventures, among others.
The company intends to use the funds to accelerate growth and innovation at 55 Capital, its ETF-focused investment advisory business, and help build new businesses that offer a suite of fintech solutions to enterprises and institutions.
Founded by Lee Kranefuss and Dr. Vinay Nair, LVH leverages investment researchers, ETF experts and technologists to offer investment and technology solutions focused on ETFs and democratizing portfolio management. In late 2015, the company established 55 Capital to offer ETF portfolios to individuals, advisors, and institutional investors. Bruce Lavine, former President of WisdomTree and former Head of iShares Europe, is 55 Capital’s CEO.
LVH, which provides research, investment solutions, and software services as part of its offering, has employees and offices in New York, San Francisco, and Mumbai.