Light Frame, a Providence, RI-based private banking and wealth management technology company, raised $1.7M in Pre-Seed funding.
The round was led by ATX Venture Partners and New Stack Ventures with participation from Rogue Venture Partners, Half Court Ventures, Underdog Labs, and Studio Alpha.
The company intends to use the funds to accelerate its innovation and growth.
Founded in January 2024 by Schuyler Weiss, the founder and former CEO of the Swiss bank Alpian, Mathieu Clement, the former COO and CIO of Alpian, and technologists Philippe Kernevez and Gregory Bataille, Light Frame is developing a proprietary technology platform designed to deliver enhanced levels of autonomy, capability, and intelligence within the operations of Private Banks and Wealth Management firms.
The company opened its American headquarters at the Cambridge Innovation Center (CIC) in downtown Providence in early 2024, joining dozens of other tech-focused startups working out of CIC’s hub. Light Frame also has an office in one of Switzerland’s leading entrepreneurial cities, Lausanne.
FinSMEs
29/05/2024