Chronograph, a Brooklyn, New York-based provider of portfolio monitoring and reporting solutions for institutional private capital investors, secured an undisclosed amount of Series A financing.
The round was led by AlpInvest Partners, an affiliate of The Carlyle Group, with participation from Nasdaq Ventures.
The company intends to use the funds to expand its product development, sales, and operations teams.
Founded in 2016 and led by Charlie Tafoya, Chief Executive Officer, Chronograph develops technology that provides portfolio monitoring, reporting, and diligence tools for private capital investors, including limited and general partners.
The company’s platforms automate data extraction and aggregation from source documents, Excel files, and other systems to enable portfolio monitoring and analytics for front, middle, and back-office functions.
In addition to the funding, Chronograph has entered into strategic partnerships with AlpInvest and eVestment, a subsidiary of Nasdaq, which will leverage AlpInvest’s significant expertise in the primary, secondary, and co-investment businesses, and eVestment’s leadership in technology, institutional data and analytics, to further enhance Chronograph’s proprietary technology.