Flow, a San Francisco, CA-based provider of private market software solutions, raised $20M in Series A funding.
The round was led by SVB Financial Group, with participation from Frontier Ventures, GFR Fund, HOF Capital, L’Attitude Ventures, WOCstar Fund and Mantis VC. In connection with the investment, SVB’s Jim Marshall will join the Flow Board of Directors.
The company intends to use the funds to accelerate product development and integrated services to further empower fund managers and their investment networks of investors, law firms, fund administrators, auditors and banks.
Led by CEO Brendan Marshall, Flow simplifies fund formation and management with its infrastructure software, which provides a platform for insights, transparency and dialogue between fund managers and the broad ecosystem of investors, law firms, fund administrators, banks, and accounting firms.
The company currently supports 200+ customers, 10,000+ investors and $5+ billion in assets managed on the platform.