Allocate Closes $10M Strategic Capital

Allocate, a San Francisco, CA-based platform that provides investors with a streamlined way to invest and manage private investments, raised $10M in strategic capital.

The round, which brought the total amount to $33.5M, saw participation from Gopher Asset US, an affiliate with Noah Holdings International (NYSE: NOAH), Intera Investments, M13 Ventures, along with family offices.

The company intends to use the funds to expand operations and its business reach.

Founded by Samir Kaji and Hana Yang in 2021, Allocate provides access to a curated network of investment opportunities in the private markets. It empowers investment strategy with comprehensive tools for due diligence, portfolio optimization, and expert guidance.

Over 600 active RIAs and Family Offices have deployed nearly $500MM through the platform across 58 manager strategies since Q4 launch.