Bite Investments, an alternative investment platform, has closed its pre-Series A funding round.
While the amount of capital raised was not disclosed, investment banking and alternative asset management firm JMP Group served as the lead backer.
Bite was founded in 2019 by William Rudebeck and Henry Talbot-Ponsonby. The company enables high-net-worth investors, independent financial advisors, wealth managers, family offices and other investment platforms to back opportunities with smaller amounts than typical buy ins.
It also offers an alternative market technology and fund solution to help the wealth management market digitise its operations to be more efficient.
JMP Group chairman and chief executive officer Joseph Jolson said, “We believe strongly in Bite’s mission of democratising access to alternative investments.
“With the WealthTech industry developing at lightning speed, we are pleased to partner with an emerging leader through our investment.
Bite CEO William Rudebeck said, “We are continuing to attract progressive partners who recognise the steady growth and related opportunities associated with both our robust FinTech platform and the soaring global private equity market.
“It is a testimony to how the financial industry and investor community are gravitating toward alternative investment opportunities, as well as digitalisation and its transformative value.”
Copyright © 2021 FinTech Global