The fintech startup vestr, which was established in Zug in 2017, has increased its equity by 10 million Swiss francs. The oversubscribed funding round was led by the venture capital company Elevator Ventures from Vienna’s Raiffeisen Bank International. According to a press release, all existing investors were involved, including family offices from Switzerland, the USA, Germany, and Latin America as well as Zürcher Kantonalbank, EquityPitcher Ventures from Zurich, and SIX Fintech Ventures.
CEO and Co-Founder Dr. Rico Blaser commented: “This new financing provides vestr with the firepower to continue our triple-digit annual growth, while also ensuring manageable equity dilution for existing shareholders.” Maximilian Schausberger, Managing Director of Elevator Ventures, the main investor, added: “We value not only vestr’s extensive knowledge of the market needs, but also their forecast of future requirements of active investments.”
Vestr provides asset managers with its fully integrated ecosystem for the issuance and management of actively managed investment products as an adjustable software-as-a-service solution. According to the information provided, it also enables third-party providers such as data brokers, ESG analysts, custodians, and digital brokerages to enrich the platform. In addition to supporting customers across the whole of Europe, vestr is also expanding its presence in Asia from its regional headquarters in Singapore.
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