Avenir secures £420k in pre-seed funding from SFC Capital and Techstars to expand its wealth management platform
The pre-seed round was led by SFC Capital following the company participation in the Techstars accelerator.
Avenir provides a digital platform for wealth managers and financial advisers to deliver bespoke portfolios and values-based investing. The company utilises artificial intelligence and direct indexing to automate administrative tasks and tailor investment strategies.
Avenir has raised £420k in a pre-seed funding round backed by SFC Capital and Techstars, alongside several prominent angel investors. The company secured the capital just three months after completing the ABN AMRO and Techstars Future of Finance accelerator programme.
The fresh capital will be directed towards supporting the firm as it targets the UK wealth management sector. Avenir provides tools designed to help financial professionals manage client assets and deliver personalised investment portfolios.
Participants in the round include seasoned figures from financial institutions such as FNZ, JP Morgan, and Morgan Stanley. SFC Capital acted as the lead investor for the transaction.
From the founder
"The support from SFC Capital, Techstars, and our angel investors confirms our mission’s importance. With this funding, we’re poised to disrupt the £1.2 trillion in assets under management within the wealth management sector in the UK, while continuing to innovate and deliver exceptional value to financial professionals and their clients."
Jeremy Bensoussan
CEO and Co-founder at Avenir
Investor perspective
"As the lead investor in Avenir, we’re thrilled to support its mission of reshaping the wealth management landscape"
Ed Stevenson
Principal, SFC Capital
