Inveniam Capital Partners Secures Strategic Investment from G42 to Revolutionize Private Market Asset Management with AI and DLT Solutions
Inveniam Capital Partners, a fintech company specializing in digital management of private market assets, has secured significant funding to further its mission of transforming the private markets landscape. The company, founded in 2017 and headquartered in New York, has developed a data operating system that provides access and transparency in the value and performance data for private market assets.
In a pivotal moment for the company, Inveniam announced a strategic investment from G42, a leading artificial intelligence company based in the UAE. This partnership represents a fundamental shift in how the world’s largest asset class will be valued, managed, and traded. The collaboration aims to deliver trust in the value of underlying assets for investors exchanging billions of dollars daily on private market funds, indices, derivatives, and eventually the underlying assets.
Inveniam’s platform leverages the convergence of AI, Distributed Ledger Technology (DLT), and Decentralized Finance (DeFi) to provide trust in the source data with visibility, transparency, and auditability around automation, referred to as Smart Provenance. This context, attribution, and trust open the door for enterprise use against private market assets.
The company has raised over $120 million to date, with the last round led by Cushman & Wakefield. This investment from G42 will provide the resources for the next several years of operations as well as technological capabilities to expand to all private markets, from infrastructure projects to private equity investments.
Inveniam’s solution addresses the significant technical barriers that have hindered the transformation of private markets. The company’s sophisticated permissions and workflow solutions allow for management of data operations in a decentralized data environment, focusing on the unstructured data associated with private markets.
The partnership with G42 is transformative, as it brings together advanced AI systems and leading organizations across industries and geographies. G42’s recent announcement of a partnership with Microsoft will add enormous capability to Inveniam’s product, delivered using Microsoft infrastructure.
Inveniam’s mission is to build the infrastructure that will allow the world’s largest asset class to operate with the efficiency of public markets while maintaining privacy and control that private market participants require. This leapfrogging of public market centralized data solutions will transform Private Markets.
Prior to the G42 investment, Inveniam had secured a $25 million Series A funding round in 2021, led by Apex Group, a global financial services provider. This funding followed consistent growth of client installations and assets on the platform, with projections indicating that assets on the platform would approach $200 billion by the end of 2023.
The Series A funding was a significant milestone for Inveniam, as it validated the company’s vision of becoming the global standard for trust in private market data. The investment from Apex Group and other strategic investors, including K20 Fund and Global Blockchain Ventures, underscored the strength of Inveniam’s business model and its potential to revolutionize the private markets.
Inveniam’s technology platform, Inveniam.io, is designed to provide surety of data and high-functioning use of that data in a distributed data ecosystem. The company’s acquisition of the assets of Factom Inc. in early 2021, including a significant blockchain patent portfolio, has positioned Inveniam as one of the largest U.S.-based holders of blockchain patents and/or patent applications.
With the strategic investment from G42 and the previous funding rounds, Inveniam is poised to deliver transformative solutions for the private markets, enabling greater efficiencies, transparency, and trust in the valuation and trading of private market assets. The future of private markets is coming into focus, and Inveniam is at the forefront of this revolution.