Eton Solutions, a North Carolina-based wealth management technology provider, has concluded a $58m Series C funding round, led by Navis Capital Partners.
According to the company, its platform is used by some of the world’s most affluent single and multi-family offices to manage assets exceeding $1tn.
The investment was secured in two phases and is intended to further develop product innovation and artificial intelligence (AI) within its AtlasFive platform. This funding will also expand Eton Solutions’ offerings in the private equity and funds sectors.
The company claims to have grown its client base by 340% across 15 countries and has seen its revenues multiplying fourfold over the past three years.
The AtlasFive platform serves more than 800 wealthy families globally and is currently responsible for managing 130,000 entities. It supervises over 205,000 investments, handling $65bn in annual bill payments, and processing over 14 million transactions each year.
This operational foundation is said to have enabled Eton Solutions to create over 400 AI applications.
Navis Capital Partners partner Rajendra Pai said: “We’ve witnessed how Eton’s technology enables family offices to achieve unprecedented efficiency and insight.
“Their platform has become essential infrastructure for managing complex wealth at scale. We’re excited to continue supporting their growth and innovation.”
The latest funding will support the launch of products aimed at individuals with assets starting from $25m, broadening the company’s reach among single and multi-family offices, private equity firms, funds, registered investment advisors, accounting firms, business managers, and global private banks.
By replacing previous manual processes with a unified system, Eton Solutions’ technology aims to efficiently connect data, services, and stakeholders within these organisations.
The AtlasFive platform integrates entity management, portfolio management, transaction processing, and more into a digital ecosystem under stringent cybersecurity measures. This approach establishes a standard for wealth management practices beyond traditional data aggregation and reporting capabilities, said the firm.
Eton Solutions executive chairman Satyen Patel said: “Our total addressable market is increasing every year, and our technology is expanding to meet it.
“We’ve built an ecosystem that is uniquely able to meet every wealth management need–and has the security, privacy, workflow and data foundation necessary to do so–all in one place. Our focus as we enter our second decade is reimagining how wealth managers across the board manage liquid and alternative investments for their clients–whether one or many.
“This investment will let us super charge our expansion to meet the growing markets and their demand for AI-driven efficiencies that create even more value.”
