RealBlocks, a New York-based provider of a technology platform for alternative investments that provides an end-to-end digital investing process and secondary trading, raised additional $10M in extension of Series A funding.
The round, which brought the total amount raised to date to $20.7M, was co-led by Crosslink Capital and Left Lane Capital.
The company intends to use the funds to continue to scale its technology platform that provides capabilities such as onboarding and management of the entire lifecycle of alternative funds and their investors.
Led by CEO Perrin Quarshie, RealBlocks provides a web-based platform which specializes in investment space by offering an end-to-end white-labeled, fully-digital investing and administration experience for managers and clients, including digital onboarding, subscriptions, capital calls, platform analytics, automated subscription document generation and liquidity solutions.
The company offers a scalable SaaS open architecture platform technology that allows for all functionality to be set up once and used across all of a manager’s funds, thereby making any fund accessible to any investor in any geography, worldwide.
Today, RealBlocks services over $77 billion in assets under administration, and its technology is now being used by RIAs and wealth management firms.