LUX Fund Technology and Solutions, a NYC-based business and technology solutions provider for the alternative asset industry, raised $6m in Series A financing.
Credit Suisse Asset Management’s NEXT Investors made the investment.
The company intends to use the funds to grow Transcend. its SaaS-based front-to-back office automation technology platform.
Founded in 2012 by Nik Takmopoulos, Chief Executive Officer, and Mark Christine, Chief Technology Officer, LUX Fund Technology and Solutions provides Transcend, a SaaS-based front-to-back office automation technology platform for alternative asset managers to automate manual processes across the organization.
The platform systematizes the integration of traditional and alternative data from multiple sources, supporting cross-functional analytical reporting as well as structured and ad hoc queries in order to facilitate and improve decision-making. This, in turn, allows users to access exposure, performance, and risk data quickly.