Pactio, a London, UK-based digital infrastructure for private markets, raised $14M in Series A funding.
The round was led by EQT Ventures, with participation from Matt Henderson, Volt founder Tom Greenwood, Tom Blomfield, Matt Robinson, Charles Delingpole, Jim Freis, Charlie Songhurst, Weiheng Zhang, and Entrepreneur First.
The company intends to use the funds to extend its digital architecture across the whole investment lifecycle and enhancing its AI offering.
Led by CEO Eric Heimark, Pactio provides a solution that streamlines private capital flows, inserting advanced technology, including AI, directly into deal creation and closing workflows. By digitizing transactions from the start, the company is situated to address the root causes of complexity, de-risk workflows, and implement digital foundations for the entire investment lifecycle.
Over the past 12 months, Pactio has supported transactions with a total enterprise value of $10.7 billion across most major jurisdictions and asset classes
Commenting on the news, Eric Heimark said: “Private markets are evolving into one of the largest and most complex asset classes in the world, yet this progress is being impeded by reliance on manual workflows and a tech stack that’s 30 years out of date. As a former PE investor myself with a background in software engineering, it troubled me that the quality of tech does not match the sophistication of workflows and the talent of the parties involved. Investment teams deserve better: digital transformation can dramatically elevate the quality of work, reduce risk, and expand ownership in the private markets industry.”
FinSMEs
11/04/2024