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German FinTech NaroIQ has raised $6.5M in a Seed round led by Magnetic to enhance its digital fund infrastructure in Europe.

Jun 18, 2025•6 months ago

Amount Raised

$6.5 Million

KölnFintechFinance

Investors

General CatalystRedstoneMagnetic

Description

Cologne-based FinTech NaroIQ has raised more than $6.5 million (€5.85 million) in a seed financing round. The round is led by VC investor Magnetic, followed by Redstone and General Catalyst. NaroIQ will utilize the funding to expand its digital fund infrastructure. This aims to create an independent European alternative to the US ETF landscape.

Company Information

Company

Naro

Location

Köln, Nordrhein-Westfalen, Germany

About

NaroIQ provides a modular technology platform that uses a digital infrastructure to enable existing providers such as banks, insurers and asset managers to launch and manage their own ETFs and funds, efficiently and cost-effectively.

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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