Inveniam4 Oct 2022 17:18
The more I read the more I like this one…
Name: Inveniam
Total capital raised: $70 million
What it does: A software developer tokenizing private-market data through the use of blockchain technology
Bio: Inveniam CEO and founder Patrick O’Meara acquired a blockchain fintech company through an investment fund from a Forbes 400 family he was advising and used the fintech to launch Inveniam in 2017.
Inveniam tokenizes private-market data via blockchain tech, which helps private funds get real-time performance metrics on their assets.
The startup has amassed $35 billion on its platform from about 350 funds and 20 clients. Its clients are from around the globe and include asset management firms, banks, and sovereign wealth funds. Cushman and Wakefield, one of the world’s largest commercial real estate services firms, is among its clientele.
Inveniam has attracted strategic investors such as Apex Group, a financial services firm that announced in September that it would be rolling out Inveniam’s products to institutional investors and family offices using its services that represent $3 trillion in client assets.
“We think the macro trend around transparency, observability in privates and alternatives is a trend that’s going to only grow. And there’s a regulatory tailwind behind us,” said O’Meara.