Wealth tech firm Eton Solutions has completed an investment round of $11.1m led by existing backers, clients as well as senior management.
The infusion brings the total capital raised by the firm to date to more than $20m.
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North Carolina-based Eton serves UHNW offices and has staff headcount of 112.
The firm is the provider of the AtlasFive technology platform, which has more than $250bn in assets under administration.
Eton chairman Satyen Patel said: “In addition to enhancing the efficiency and effectiveness of family office management, our cloud-based integrated platform facilitates the creation of virtual family offices allowing both office staff and clients immediate access to the information they need to continue to manage their business processes from anywhere at any time.”
Using the fresh funds, Eton intends to expand the AtlasFive platform and develop its implementation and client service capabilities.
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By GlobalDataEton CEO Robert Mallernee said: “This financing allows us to continue to expand the functionality of our comprehensive AtlasFive platform and to ensure our clients’ early success by delivering support through our implementation and client services.
“AtlasFive empowers our clients to transform the management of their most sophisticated, complex family offices through state-of-the-art technology powered by thoughtful business process design.”
