InvestCloud has completed a recapitalisation, valuing the business at $1bn.
In Brief:
-
InvestCloud is a SaaS wealth solutions platform.
-
Motive Partners and Clearlake Capital have both invested.
-
Motive Partners will contribute two of its portfolio businesses – Finantix and Tegra118 – to the platform.
What does this mean?
According to InvestCloud, the new valuation means that early investors in the business can be rewarded while it also fuels the next stage of growth. Adding its new investors and two new portfolio businesses means InvestCloud is one step closer to its aim of building the “world’s largest financial supermarket”.
