Family Office Technology Hub FOTech Bulletin #7 - FO Tech News Roundup
Dec 29, 2023
As we close 2023, this roundup dives into exciting innovations in family office technology. Arch has secured a $20 million Series A funding, while Adipar impressively manages $5 trillion in assets. Canoe is shaking up tax automation with new partnerships. In asset management, iCapital teams up with IQEQ to enhance alternative investments in France. The conversation also touches on AI advancements in bond pricing and key leadership shifts at Eaton Solutions and FoundationSource.
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Arch's Funding and Expansion
- Arch, a private investment operations platform, raised $20M in Series A funding.
- The funding will fuel R&D, focusing on fraud reduction and system integrations.
Addepar's Stellar Growth
- Addepar manages $5 trillion in assets and doubled its client base in two years.
- The company maintains $100 million in annual R&D spending.
Canoe's Partnerships and Growth
- Canoe partnered with K1X to provide an end-to-end K1 solution.
- This automates K1 processing and integrates with downstream tax systems.