Eton Solutions Raises US$58 Mln Series C To Fuel AI Innovation, Global Expansion
KUALA LUMPUR, July 17 (Bernama) -- Eton Solutions, a United States (US)-based wealth management platform serving single- and multi-family offices, has announced the completion of its US$58 million Series C funding round, led by returning investor Navis Capital Partners. (US$1=RM4.23)
The capital raise, conducted in two tranches, comes amid strong growth momentum for Eton Solutions, which currently manages over US$1 trillion in assets via its flagship AtlasFive platform.
In a statement, the company said it has quadrupled its revenue and expanded its client base by 340 per cent across 15 countries over the past three years.
Its Executive Chairman, Satyen Patel said the company is focused on redefining how wealth managers handle liquid and alternative investments using artificial intelligence (AI)-driven efficiencies.
“Our total addressable market is expanding every year, and our technology is evolving to meet it,” he said.
Proceeds from the funding will be used to enhance AI capabilities, accelerate product development, and expand into the private equity and fund management sectors. The company is also targeting clients with investable assets starting from US$25 million.
AtlasFive, which serves more than 800 ultra-high-net-worth families globally, now manages 130,000 entities and over 205,000 investments, processes US$65 billion in annual bill payments, and executes over 14 million transactions annually.
Navis Capital Partners, which manages over US$5 billion in assets, underscored Eton Solutions’ role as a core infrastructure provider for managing complex wealth.
According to Deloitte, the number of single-family offices globally stood at 9,030 last year and is expected to reach 10,720 by 2030, with Asia Pacific projected to record the fastest growth.
With headquarters in North Carolina and Singapore, Eton Solutions is strategically positioned to capitalise on the rapid growth of family offices worldwide, particularly in Asia Pacific, the US, the United Kingdom, Switzerland and the United Arab Emirates.
-- BERNAMA