Solovis, a Dallas, TX- and Dallas and Charlottesville, VA-based multi-asset class portfolio management, analytics and reporting platform for limited partners and asset allocators, raised $8m in Series A funding.
The round was led by Edison Partners, with participation from previous investors MissionOG, OCA Ventures, Timberline Ventures, Northwestern University, and Backstop Solutions co-founder Jeremie Bacon. as well as Cultivation Ventures.
The company intends to use the funds to expand its team in Dallas, TX and Charlottesville, VA, as well as establish a presence in New York, NY and San Francisco, CA.
Co-founded by Josh Smith, CEO, and Caleb Doise, CTO, Solovis provides foundations, endowments, pensions, OCIOs and family offices with a multi-asset class portfolio management platform for performance, exposures, liquidity and cash flow forecasting with front-to-back office integration.