InvestSuite, a Leuven, Belgium-based B2B WealthTech startup, raised €2m in funding.
The round, which is bringing its total funding since its start to €6m, was led by PMV with participation from existing and new business angels, management and employees.
The company is using the funds to expand operations and its business reach.
Led by Bart Vanhaeren, CEO and co-founder, and Laurent Sorber, CTO and co-founder, InvestSuite allows financial institutions to accelerate their digital wealth transformation via its AI-based digital investment solutions. Based on the iVaR-based portfolio construction framework, the company offers an end-to-end, customizable robo advisor, which provides an automated digital investment product that financial institutions can offer to their clients. In addition, InvestSuite provides solutions for multi-asset trading (SelfInvestor), quantitative portfolio construction (Optimizer) and a world-first for portfolio reporting (StoryTeller).
Founded in 2018, the company has grown to 25 employees across Europe with a sales presence in Europe, Latin America, and the Middle East.