HUB24 (ASX: HUB) has ponied up with startup Attain Attain Different Investments with a strategic funding for a minority stake.
The groups of the deal weren’t disclosed, however earlier this 12 months Attain had been on the hunt for $3 million at a $15m valuation.
The three-year-old Sydney fintech beforehand raised $2.2 million in a Seed spherical in April 2022, led by VC Carthona Capital at a post-money valuation of $11.2 million simply eight months after it emerged from the Antler program.
Attain Different is a tech platform providing providing investments world non-public fairness and personal market funds usually reserved for institutional traders. It additionally offers with the executive and capability points confronted by subtle traders, private-wealth teams and household workplaces.
HUB24 is itself a platform providing advisers and their shoppers a spread of funding choices and plans to collaborate with Attain Options and probably different business suppliers to co-design merchandise and options to supply a broader vary of different funding options.
HUB24’s director of strategic growth Jason Entwistle mentioned the funding aligned with the corporate’s technique to collaborate in delivering options for rising shopper wants.
“We’re delighted to be partnering with the group at Attain Options who facilitate entry to high-quality non-public market investments in Australia. Accessing institutional grade various investments has historically been tough for advisers and their shoppers,” he mentioned.
“Our funding demonstrates our ongoing dedication to delivering modern merchandise and options that allow advisers to empower higher monetary futures for extra Australians.”
Attain Options cofounder and CEO Sam Phillips mentioned the partnership with HUB24 will assist ship high-quality various investments for Australian shoppers.
“This strategic funding validates our enterprise and enhances our capability to scale and produce high-quality non-public market investments to a broader viewers,” he mentioned.
“Collectively, we’re centered on delivering options that take away the boundaries to personal markets whereas providing HNW traders entry to a number of the most confirmed asset managers globally.”
Attain Options has constructed robust relationships with world various asset managers to provide traders entry to world top-tier funds not usually obtainable in Australia. They embrace EQT, PGIM, Apollo, TPG, BlackRock and Bain Capital.
