Fundz

Unlimited Raises $8 Million Series A To Continue Making Alternative Investment Strategies Available To All Investors

PRIVATEMay 23, 2023

Amount Raised

$8 Million

Round Type

Series A

New YorkFinancial ServicesFinance

Description

Unlimited, a new investment firm that gives all investors exposure to the alpha-generating potential of alternative investment strategies without the high fees and adverse tax implications of typical fund structures, announced today that it has raised $8 million in Series A financing led by FirstMark and Citi Ventures, including previously unannounced convertible notes led by Material.

Quick answer

Unlimited raised $8 Million in a Series A round, dated May 23, 2023. Unlimited is based in New York, United States.

How much did Unlimited raise?
Unlimited raised $8 Million in a Series A round on May 23, 2023.
What does Unlimited do?
The firm launched its first investment product, the Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE: “HFND”), in the fall of 2022.
Where is Unlimited based and how big is it?
Unlimited is based in New York, United States.
Who are the decision-makers at Unlimited?
Fundz holds 1 contact at Unlimited. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Finance around the same time

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

  • Iink raised $13M on July 3, 2023.
  • Streamex Corp. raised $1.7M (Seed) on June 30, 2023.
  • OfColor raised $2M (Seed) on June 30, 2023.
  • Resistant AI raised $11M (Series A) on June 27, 2023.
  • TreasurySpring raised $29M on June 25, 2023.
  • Vartana raised $20M on May 31, 2023.

Who to call at Unlimited, and when

A new round usually means Unlimited is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Unlimited raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Unlimited, from your own LinkedIn network

Works inside ChatGPT and Claude. Ask who to call at Unlimited. With Fundz connected, it knows.

Watch Fundz in
See plan options
Trusted byOracleSnowflakeCloudflareLinkedInGoogleSalesforce 4.8/5 on G2

Company Information

Company

Unlimited

Location

New York, United States

About

The firm launched its first investment product, the Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE: “HFND”), in the fall of 2022. We’ve seen the disruptive effects of technology across other multi-trillion dollar markets and look forward to helping this firm transform the market for alternative investments.” The firm currently manages the Unlimited HFND Multi-Strategy Return Tracker ETF (NYSE: “HFND”), which aims to track the gross-of-fees returns of the hedge fund industry. This work deepens the partnership and value that Unlimited can provide for financial advisors beyond its investment products. Founded in 2022 by Bob Elliott, Bruce McNevin and Matt Salzberg, Unlimited is an investment firm that uses proprietary technology to create broadly accessible, low-cost index tracking ETFs for 2 & 20-style alternative investments like hedge funds. Short sales also involve the risk that losses may exceed the amount invested and may be unlimited. Risks of futures contracts include: (i) an imperfect correlation between the value of the futures contract and the underlying asset; (ii) possible lack of a liquid secondary market; (iii) the inability to close a futures contract when desired; (iv) losses caused by unanticipated market movements, which may be unlimited; (v) an obligation for the Fund or an Underlying ETF, as applicable, to make daily cash payments to maintain its required margin, particularly at times when the Fund or Underlying ETF may have insufficient cash; and (vi) unfavorable execution prices from rapid selling.

AI made execution free. Knowing first is the whole game now.

Fundz sees it the moment Unlimited raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

Related People

1 contact
Predictive Intelligence
Strategic

ML-powered predictions for Unlimited's next move

See what Strategic adds

Funding Insights

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

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

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

5 screens from a live account. No signup.

Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.