No Label Ventures reposted this
Excited to share a major milestone at Vega as we announce our $20 million series A led by Apollo Global Management, Inc. and Motive Partners to scale AltOS, our distribution and client service operating system for alternative asset managers. Apollo has become an enterprise-scale client using AltOS to power its global client operations across the employee, wealth, family office and institutional channels. Alternative asset managers have been largely overlooked by the wave of fintech innovation, with most solutions tailored to the needs of banks and wealth managers. Even the most sophisticated firms still rely on outdated systems and fragmented point solutions that create friction in client service and constrain distribution. This is increasingly unsustainable as the industry evolves from serving a small number of large institutional clients to handling higher volumes across multiple distribution channels. AltOS is the engine for alternative asset managers to regain control and orchestrate their client operations at scale in this new paradigm. With Apollo’s backing and Motive’s continued support, we are playing to win and have the clear ambition to assemble one of the best product and engineering teams in fintech. If our values of excellence, ownership and urgency resonate – and you are ready to help shape the future of a major industry from day one – we would love to hear from you! Bloomberg story, press release and current job openings in the comments below.