73 Strings, a Paris, France-based provider of valuation and portfolio monitoring solutions for the private capital industry, raised an undisclosed amount in Series A funding.
The round was led by Blackstone Innovations Investments, and Fidelity International Strategic Ventures (“FISV”), with participation from Broadhaven Ventures.
The company intends to use the funds to continue to invest in building the product, engineering, and go-to-market teams.
Led by CEO Yann Magnan, 73 Strings is a data collection, monitoring and valuation platform empowering the private capital industry. The company has developed an AI-powered platform to assist alternative investment funds in streamlining their middle-office processes and enables funds to collect and structure portfolio company data, monitor these companies and estimate their fair value quickly.
The company is headquartered in Paris and has a global presence across New York, London, Paris, Toronto, and Bengaluru to support its growing customer base. 73 Strings supports clients globally across multiple strategies including Private Equity, Growth Equity, Venture Capital and Private Credit.
FinSMEs
12/07/2023