Total amount raised
$175 Million
Latest funding date
2/1/2023
Location
Moonfare has successfully raised funding over six rounds, with the latest being a Series C. The platform offers high-net-worth individuals and family offices access to top-tier private market investments.
Keep reading to explore the intricacies of Moonfare's fundraising journey and the investors backing this innovative platform.
What Is Moonfare?
Moonfare is a digital platform that provides high-net-worth individuals, family offices, banks, and their advisors access to top-tier private market investments. The company operates within the asset management, finance, financial services, fintech, and wealth management industries.
Founded by Dr. Steffen Pauls, Moonfare is based in Berlin, Germany, and has a team of 101-250 employees. The platform emphasizes a fully digital investment process, offering a curated selection of private equity and alternative investment opportunities.
How Much Funding Has Moonfare Raised?
- Seed Round
- Amount Raised: Not publicly disclosed
- Date: July 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To establish the initial platform and begin operations.
- Series A
- Amount Raised: Not publicly disclosed
- Date: August 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the platform's capabilities and reach more high-net-worth individuals.
- Series B
- Amount Raised: Not publicly disclosed
- Date: March 2021
- Lead Investors: Fidelity International Strategic Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the digital investment process.
- Series C
- Amount Raised: $125,000,000
- Date: November 2021
- Lead Investors: Insight Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support Moonfare's growth and expand its product offerings.
- Series C Extension
- Amount Raised: $35,000,000
- Date: March 2022
- Lead Investors: Vitruvian Partners
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To further bolster Moonfare's shareholder base and support its expansion.
- Series C Extension
- Amount Raised: $15,000,000
- Date: February 2023
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To meet the increasing demand from individual investors and their advisors for private equity investments.
Total Amount Raised: $175,000,000
Current Valuation: Not publicly disclosed
Key Investors
- Insight Partners
- Details: Insight Partners is a global venture capital and private equity firm. They led Moonfare's Series C round.
- Investment Focus Areas: Technology, software, internet businesses
- Notable Investments: Not publicly disclosed
- Vitruvian Partners
- Details: Vitruvian Partners is a London-based investment firm. They became a shareholder in Moonfare in March 2022.
- Investment Focus Areas: Technology, healthcare, financial services
- Notable Investments: Not publicly disclosed
- 7 Global Capital (7GC)
- Details: 7 Global Capital is a cross-border venture capital firm. They joined as an institutional investor during Moonfare's Series C extension.
- Investment Focus Areas: Internet, consumer technology
- Notable Investments: Jackpocket, Roofstock, Jio, Hims & Hers
- Bordier & Cie
- Details: Bordier & Cie is a Swiss private bank. They became a shareholder in Moonfare in March 2022.
- Investment Focus Areas: Private banking, wealth management
- Notable Investments: Not publicly disclosed
- Fidelity International Strategic Ventures
- Details: Fidelity International Strategic Ventures is a venture capital firm. They led Moonfare's Series B round.
- Investment Focus Areas: Not publicly disclosed
- Notable Investments: Not publicly disclosed
What's Next for Moonfare?
Moonfare's future looks promising as it continues to capitalize on the growing demand for private equity investments. With assets under management increasing by 87% year-over-year to $2.18 billion, the company is well-positioned to expand its footprint, particularly in Asia. This region presents a significant opportunity for growth, driven by a rising interest in private equity as a refuge from volatile public markets.
Given the successful Series C extension, which raised $15 million, Moonfare is likely to attract further investment. The company's ability to secure substantial funding from high-profile investors like Insight Partners and Vitruvian Partners suggests that future fundraising rounds could be on the horizon. These funds will be crucial for enhancing the platform's capabilities and expanding into new markets and asset classes.
However, Moonfare will need to navigate several challenges, including competition from other fintech platforms and regulatory hurdles in different markets. Ensuring the scalability and security of its digital platform as user numbers grow will also be critical. Despite these challenges, Moonfare's strong growth trajectory and strategic expansion plans indicate a bright future ahead.
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