USA – Eton Solutions, a Research Triangle Park – North Carolina-based developer of a cloud-based AtlasFive® technology platform for the family office of the future, raised US$ 38m in Series C funding round.
The round was led by new investor Navis Capital Partners.The company intends to use the funds for rapid growth, product development, and international expansion including the establishment of an international headquarters in the Singapore market.Led by Founder and CEO Robert Mallernee, President Kevin Hayes, and executive chairman Satyen Patel, Eton is a provider of solutions and services for managing the assets and business affairs of ultra-high-net-worth families. An ERP system for family offices, AtlasFive®, was purpose-built to deliver process efficiency, data accuracy, and risk reduction for ultra-high-net-worth family wealth management. The technology platform seamlessly connects all data, services, and stakeholders within single and multi-family offices, eliminating the need for disconnected point solutions, repetitive data entry, and spreadsheets to reconcile, consolidate, and aggregate data. Family office clients now have easy, secure, and privacy-protected mobile access, visibility and approvals of family office activities and information, including day-to-day net worth information.The platform has over US$ 425 billion in assets under administration. 12/07/2022
