Linnovate Partners raised $40 M funding from SeaTown Private Capital Master Fund
SeaTown Private Capital Master Fund’s $40 million funding commitment has been successfully closed, according to Linnovate Partners, a Singaporean company that specializes in fintech and asset servicing for the alternative investment sector.
This capital infusion, according to a statement released by Linnovate Partners SeaTown on Friday, represents a turning point in the company’s history as it allows it to expand operations, spur innovation, and further establish its leadership position in the industry.
The infusion of funds, according to Linnovate, will be crucial in meeting customer demands and advancing market innovation as the company continues to see rapid growth and rising demand for its tech-enabled services.
With this investment, the company will be able to strategically allocate more resources, which will help it stay at the forefront of technological advancements and fulfill its promise to clients all over the world to provide unparalleled solutions.
“We are thrilled to have SeaTown as our strategic partner and investor,
“This investment will be instrumental in accelerating our growth trajectory, providing us with the necessary resources to enhance our service offering, and continue delivering cutting-edge solutions to our clients and the industry itself,” said Henry Lin, Founder and Chief Executive Officer of Linnovate Partners.
The goal of asset services company Linnovate Partners is to stimulate innovation in the alternative investment sector.
With experience in every stage of the fund lifecycle, the company offers value-added services and technologies that enable asset and fund managers to perform at the highest level. This sets them apart from traditional fund administration.
Fund administration, investor relations, regulatory compliance, portfolio monitoring, reporting services, and technology consulting services are among its six main service categories.
The company’s in-house, cloud-based platform, RAISE, facilitates easy integration and accessibility while offering all the features of alternative investing in a single ecosystem.
Currently managing assets worth over $130 billion across more than 600 venture capital and private equity funds, Linnovate Partners is a global firm with offices.
By using tech-enabled services to solve manual mid-to-back-office tasks involved in fund administration, Linnovate said it has established a solid reputation for innovation.
It claimed that because of its dedication to pushing the limits of technological innovation, the company has gained the respect of many well-known clients of venture capital and private equity firms and become a sought-after partner in the sector.
