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Asset Management Firm Superstate Announces $14M Series A Financing

Nov 15, 2023about 2 years ago

Amount Raised

$14 Million

Round Type

series a

San FranciscoOther

Investors

1kxCumberlandPara FiDepartment Of XyzModular CapitalHack VcNascentFolius VenturesCmt DigitalRoad CapitalArrington CapitalGalaxyBreyer CapitalCoin FundDistributed Global

Description

Superstate, an asset management firm modernizing the infrastructure of investment funds, today announced a $14m first close of their Series A financing. The capital will be used to expand their team, launch private funds to institutional investors, and create a framework for compliant, tokenized, publicly registered investment funds.

Company Information

Company

Superstate

Location

28 2ND ST., 4TH FLOOR

San Francisco, California, United States

About

Superstate is an asset management firm modernizing the infrastructure of investment funds. We offer investment products that benefit from the speed, programmability, and compliance advantages of blockchain tokenization. Learn more about our products for institutional investors at Superstate.co.

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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
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech