AlphaSwap raises £770k in seed follow on funding from the Future Fund and private backers.
The London-based investment technology platform secured the capital from the UK government Future Fund, family offices and private investors.
AlphaSwap operates an investment technology platform that aggregates equity research from an analyst community for institutional clients. The company leverages crowdsourced insights to curate model portfolios and generate market data.
AlphaSwap has secured £770k in seed follow on investment as part of a capital raising valuing the business at $11m. The funding includes backing from the UK government Future Fund alongside family offices and private investors.
The capital follows a period of growth for the London-based platform, which has surpassed 3000 users and onboarded its first institutional clients. The company reports that its Best Ideas model portfolio has outperformed the S and P 500 during the first nine months of 2020.
CEO Khing Oei noted that the platform addresses cost and structural challenges within traditional asset management by aligning interests through performance-based payouts. The firm intends to use the capital to support its ongoing development and market presence.
From the founder
"AlphaSwap’s community-driven platform delivers better ideas, unique portfolios and rich data to institutional investors"
Khing Oei
CEO at AlphaSwap
