ACE Alternatives secured a seven-figure Seed investment led by Bob Kneip to enhance market expansion and technology development.

Aug 06, 2024•over 1 year ago

Round Type

seed

Financial Services

Investors

Bob Kneip

Description

ACE Alternatives has raised a seven-figure seed funding round from Bob Kneip, who will also join as Chairman of the Advisory Board. The capital will support operations expansion into Luxembourg and Ireland and improve its AI capabilities.

Company Information

Company

ACE Alternatives

About

ACE Alternatives is an alternative asset fund service provider that delivers customized solutions across fund administration, compliance, regulatory matters, tax and accounting, investor onboarding, and ESG requirements. The company aims to enhance its market presence and technological offerings, particularly in prestigious fund domiciles like Luxembourg and Ireland. ACE Alternatives has experienced significant growth, achieving a 200% year-over-year increase in revenues and assets under service. It focuses on refining its offerings for General Partners and Limited Partners while advancing its AI capabilities and software solutions.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

ACE Alternatives secured a seven-figure Seed investment led by Bob Kneip to enhance market expansion and technology development.

Investors

Description

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Funding Insights

Company Information