vestr secures $10m in funding round


Swiss fintech startup vestr has structured an oversubscribed financing round, combining a traditional equity investment with a non-dilutive component.

Led by Elevator Ventures, the venture capital arm of Vienna-based Raiffeisen Bank International (RBI), the round combines the resources of high-profile family offices in Switzerland, Germany, the United States, and Latin America. All existing institutional investors – including EquityPitcher Ventures, Zürcher Kantonalbank, and SIX Fintech Ventures - joined the round with significant follow-on investments.

Dr. Rico Blaser, co-founder and CEO of vestr, highlights: “This new financing provides vestr with the firepower to continue our triple-digit annual growth, while also ensuring manageable equity dilution for existing shareholders.” He continues, “We are extremely pleased with the international consortium we were able to assemble. With their support, we are now optimally positioned for growth."

In only 5 years, vestr has become a trusted technology partner for international and regional banks, as well as providers of special purpose vehicles. The company sets itself apart by providing a more coherent process for the launch and management of actively managed investment products. By partnering with vestr, clients ensure increased efficiency and greater transparency of the full life-cycle management of these products.

With its white-labeled SaaS solution, vestr empowers institutional clients to best serve their customers in a scalable fashion, enabling a bespoke and state-of-the art user experience. Nearly a thousand professional asset managers are already using the platform daily, solidifying vestr’s position as a market standard in active investment management.

Maximilian Schausberger, Managing Director of Elevator Ventures, shares, "We value not only vestr’s extensive knowledge of the market needs, but also their forecast of future requirements of active investments. As the venture capital arm of RBI, we encourage companies with a proven product-market fit to grow their customer base internationally and support technology-driven innovation.”

Building upon vestr’s solid foundation, the startup is developing a fully integrated ecosystem which will, among other things, enable third-party complementors to enrich the platform experience. A number of these data and service providers – including data brokers, ESG analysts, custodians, and digital brokerage firms – are already connected to the platform, with new services being added all the time. Alongside servicing clients across Europe, vestr is expanding its presence in Asia by leveraging its established regional headquarters in Singapore. vestr accompanies established clients on their transition to a digital ecosystem and allows new entrants to build on a flexible platform right from the start.


By on Wed, 19 Oct 2022 09:50:00 GMT
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