Alternative Investment Technology Startup Secures $20 Million in Series A Funding

Vega, an alternative investment technology company founded by former executives from top hedge funds, private equity firms, and fintech companies, has announced the closing of a $20 million Series A funding round led by Apollo and Motive. This investment marks a significant milestone for Vega as the company aims to become the leading operating system for alternative asset managers.
With the growing investor demand for private market exposure, alternative asset managers are under pressure to transform their client services and expand rapidly. Vega’s AltOS platform is designed to address the industry’s need for modern, scalable technology solutions to streamline client operations and drive efficiency.
The partnership with Apollo will enable Vega to offer an enterprise-scale solution to asset managers, allowing for seamless connectivity between asset managers and clients through an “Alternatives-as-a-Service” framework. This technology aims to enhance the integration of alternative investments into client portfolios and drive down costs for distribution, client service, and transaction processing in the private markets.
Vega’s AltOS platform is poised to revolutionize the alternative asset management industry by providing a standardized infrastructure for client services and operations. The company plans to collaborate with other asset managers and platform providers to further expand its reach and drive growth across the industry.
Founder and CEO of Vega, Alexis Augier, expressed excitement over the partnership with Apollo and Motive, highlighting the innovative approach of Vega’s AltOS platform in meeting the complex needs of high-growth asset managers in the private markets. Partner and COO at Apollo, Jake Walker, emphasized the importance of transforming client operations to meet the evolving needs of clients in the expanding private market landscape. Motive Ventures Partner, Ramin Niroumand, noted the critical role of Vega’s AltOS platform in addressing the gap in services for alternative asset managers.

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