What is Asset Class?
Established in 2020 and headquartered in New York, Asset Class delivers bespoke and packaged software solutions tailored for the asset management, commercial lending, and wealth management sectors across Europe and the U.S. The company's strategic focus on these critical areas of the financial services industry positions it as a key player in providing essential technological infrastructure for global financial operations. Asset Class's commitment to innovation in fin-tech aims to enhance efficiency and capability for its clientele.
How much funding has Asset Class raised?
Asset Class has raised a total of $11.6M across 1 funding round:
Series A
$11.6M
Series A (2022): $11.6M with participation from Plexus Capital, Canapi Ventures, and LiveOak Venture Partners
Key Investors in Asset Class
Plexus Capital
Plexus Capital is a provider of capital specifically targeting the lower middle market, focusing on tailored investment opportunities. With over 27 years of experience, the firm has raised $3.5 billion and funded 206 companies, emphasizing partnerships and value creation.
Canapi Ventures
CANAPI provides education, awareness, and outreach services to the HIV/AIDS and LGBTQ community in Greater Akron, Ohio. The organization offers a variety of programs, including housing assistance, HIV testing and prevention, and nutritional support.
LiveOak Venture Partners
LiveOak is a venture capital firm that invests early in exceptional Texas-based founders, focusing on tech and tech-enabled service companies. They partner with ambitious entrepreneurs from Pre-seed to Series B, actively engaging throughout the business lifecycle to help build enduring companies in Texas.
What's next for Asset Class?
With a recent major strategic investment and a substantial total funding amount, Asset Class is poised for significant scaling and further development of its software offerings. The company's trajectory suggests a focus on expanding its market reach within the European and U.S. financial services sectors. Future endeavors will likely involve enhancing its product suite to address evolving industry demands and solidifying its competitive advantage through continued technological advancement and strategic partnerships. The enterprise-level funding indicates a mature stage of growth, pointing towards potential market consolidation or significant operational expansion.
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