India-based Credence Family Office has brokered a deal to purchase an undisclosed stake in Cumulative Ventures, an investment banking and corporate advisory firm.
Established in 2017, Cumulative Ventures’ 40+ members team works across business consulting and investment banking. It is said to handle deals totalling $100+ millions.
It offers wide array of financial solutions across consulting, capital raising through capital market / private markets, and CFO services focusing on business and finance-related activities.
Credence Family Office, which is backed by TIW Private Equity, has also forged a strategic partnership with Cumulative Ventures in a bid to expand its services and products offerings.
Commenting on the deal, Credence Family Office founder & CEO Mitesh Shah said: “This deal with Cumulative Ventures LLP, demonstrates our intent to continuously expand our client offerings. The team at Cumulative Ventures LLP has managed complex transaction advisory, business consulting, and fund-raising mandates.
“We intend to launch strategic investor relations for entrepreneurs, micro VC funds, and family offices, a novel idea which is certain of adding value in addition to offering a platform for informed investors.”
The deal will expand Cumulative Ventures’ reach as it will it access to Credence Family Office’s clients, which primarily includes business families, tech entrepreneurs, angel investors, celebrities across sports and entertainment.
Cumulative Ventures founder and managing partner Swapnilsagar Vithalani said: “Strategic Investment by Credence is a strong endorsement of our team’s entrepreneurial venture now on the path to becoming an institution.
“With this collaboration, we intend to expand our product offerings and leverage on Credence’s extensive network and client base to enhance each of our business lines.”