Fundz

Open Wealth Platform Flanks Secures An $ 8M Series A Round Led By Earlybird

PRIVATEOct 18, 2023

Amount Raised

$8 Million

Round Type

Series A

BarcelonaSoftwareFinanceFintech

Investors

Martin Kassing, Co Founder And Ceo Of UpvestRaffaele Terrone4 Founders CapitalJME VenturesEarlybird Venture Capital

Description

Flanks, an API for automated wealth services, has secured $ 8m in a Series A round led by Earlybird Venture Capital, and followed by the existing investors JME Ventures and 4Founders Capital. Raffaele Terrone, Co-Founder of the Italian FinTech unicorn Scalapay, and Martin Kassing, Co-Founder and CEO of Upvest, supported the round as angels.

Quick answer

Flanks raised $8 Million in a Series A round, dated October 18, 2023. Investors: Martin Kassing, Co Founder And Ceo Of Upvest, Raffaele Terrone, 4 Founders Capital, JME Ventures and Earlybird Venture Capital. Flanks is based in Barcelona, Catalonia, Spain.

How much did Flanks raise?
Flanks raised $8 Million in a Series A round on October 18, 2023.
Who invested in Flanks?
Martin Kassing, Co Founder And Ceo Of Upvest, Raffaele Terrone, 4 Founders Capital, JME Ventures and Earlybird Venture Capital are named as investors in this round.
What does Flanks do?
Flanks is a wealth management technology company redefining the advisory services industry.
Where is Flanks based and how big is it?
Flanks is based in Barcelona, Catalonia, Spain. Fundz records about 95 employees.
Who are the decision-makers at Flanks?
Fundz holds 1 contact at Flanks. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Finance and Fintech around the same time

Companies in the same sectors as Flanks that raised within 45 days of this round, from Fundz verified event records.

  • Together raised $103M on November 29, 2023.
  • QI Tech raised $200M (Funding Round) on October 31, 2023.
  • Streamex Corp. raised $861K (Seed) on October 12, 2023.
  • Rainforest raised $8.5M (Funding Round) on October 4, 2023.
  • Beeline Holdings raised $6.5M on September 29, 2023.
  • Streamex Corp. raised $1.2M (Seed) on September 21, 2023.

Who to call at Flanks, and when

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Company Information

Company

Flanks

Location

Barcelona, Catalonia, Spain

About

Flanks is a wealth management technology company redefining the advisory services industry. Its solution, Flanks LUME, automates manual tasks and transforms complex wealth data into actionable insights that help advisors get a holistic view of their clients wealth to make faster, more informed investment and risk management decisions. Flanks was founded in 2019 in Barcelona by software engineers Joaquim de la Cruz and Sergi Lao alongside former Santander Private Banking Global Head Álvaro Morales, and combines advanced technology with deep financial expertise to serve companies like banks, family offices, and tech companies. To date, the company has raised a total of 23.5 million euros from investors.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Flanks raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

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