Univest raised $16 million in a Series A funding round likely led by Bertelsmann India Investments to enhance its advisory-first brokerage platform.

Nov 27, 2024•8 months ago

Amount Raised

$16 Million

Round Type

series a

Financial Services

Investors

Innoven CapitalBertelsmann India Investments

Description

Wealthtech platform Univest is in talks to raise $16 million in a Series A funding round likely to be led by Bertelsmann India Investments. A portion of the funds will be allocated to marketing efforts and the introduction of a new entity named Univest Broking.

Company Information

Company

Univest

About

Univest is a wealthtech platform focused on offering personalized investment advice and portfolio management. The company is set to launch an advisory-first brokerage platform called Univest Broking, emphasizing understanding clients' financial goals. It has a subsidiary named Uniresearch, which provides market research and analysis. The new funding will help enhance marketing efforts and support the upcoming services.

Funding Insights

Based on industry data

VC-backed spending patterns

VC-backed companies spend 89% more on sales and 100% more on marketing than bootstrapped peers

Tech investment trends

83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech

Univest raised $16 million in a Series A funding round likely led by Bertelsmann India Investments to enhance its advisory-first brokerage platform.

Investors

Description

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Funding Insights

Company Information