73 Strings Raises Series A Funding to Transform Alternative Asset Valuation
Paris-based 73 Strings, a leading provider of valuation and portfolio monitoring solutions, has successfully closed its Series A funding round. The round was led by Blackstone Innovations Investments and Fidelity International Strategic Ventures, with participation from Broadhaven Ventures, 4impact Capital, and 4th Renaissance VC Fund.
73 Strings, headquartered in Paris with global offices in New York, London, Toronto, and Bengaluru, offers an innovative solution for funds to move away from error-prone spreadsheets. Its scalable software enables automated valuations of private assets, improving efficiency, risk management, and quality control in portfolio monitoring and valuation processes.
The company's client base includes large multi-strategy alternative investment firms across North America, Europe, and the Middle East, with a combined assets under management (AUM) of over $2 trillion. 73 Strings empowers these clients to deliver fast, frequent, and efficient valuations to stakeholders.
The Series A funding round, which raised an undisclosed amount, will be used to expand 73 Strings' product, engineering, and go-to-market teams. This investment reflects the market's confidence in the company's innovative solution and its potential to transform the alternative asset management industry.
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