Check out the 11-slide pitch deck Moonfare, a startup that lets high-net-worth individuals invest in private-equity funds, used to raise $35 million
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- German fintech Moonfare has raised a $35 million funding round from Vitruvian.
- The company, founded in 2016, enables high-net-worth individuals to invest in private equity.
- Check out the 11-slide pitch deck Moonfare used to raised the funds below:
Moonfare, a fintech that allows high-net-worth individuals to invest in private equity, has raised a $35 million funding extension.
The German startup, which was founded in 2016, aims to open investors up to alternatives to public-market trading. The company wants to make it easier for investors to back companies before they list on the stock exchange, where it claims the bulk of shareholder value is accrued.
Moonfare raised $125 million in a Series C round in November from Shopify and Twitter-backer Insight Partners. The fresh funds have come in the form of an extension raise by UK growth capital fund Vitruvian at a slightly higher valuation of over $600 million.
Steffen Pauls, the Moonfare CEO, said the startup had recently expanded to the US and that the additional capital would be used to fund its international expansion.
“This is about taking Moonfare to the next step, which is becoming a truly international company,” he said.
“We started in Europe, then Hong Kong, now the US, and soon other places. We are benefitting from the megatrends of increased digitization, private equity becoming more retail-focused, and funds wanting more direct access.”
Major private-equity firms like Blackrock and KKR want access to more investors, and wealthy individuals want to diversify their holdings, particularly given that private equity has mostly outperformed the S&P 500 in recent decades.
Individual investors can access a variety of alternate assets through Moonfare at a lower entry cost of around $125,000 but Pauls said lower minimums were among the next set of products the company was looking to develop.
“It’s unfair that only rich people can access private equity so we want to offer a product for people to invest with as little as $10,000,” he added. “That’s part of the democratization of private equity.”
Moonfare had 150 employees at the end of 2021 but wants to double that to 300 by the end of this year with much of its hiring coming in New York. Pauls said the startup recently opened an office in Israel and was looking at opening an office in Singapore, as well as expanding to the Canadian market.
Check out Moonfare’s pitch deck below: