Intapp’s Post

WealthFeed $2M funding round for AI-driven financial advisory growth. #WealthFeed has successfully closed a $2 million funding round, paving the way for the launch of its revolutionary AI-powered money-in-motion platform. This innovative platform is designed to redefine how financial advisors expand their market presence and client base, leveraging cutting-edge predictive analytics and artificial intelligence. The funding round includes significant investment from Thicket Group Ventures and leading executives across the Registered Investment Advisor (RIA), Investment Banking, and Private Equity sectors. With the investment, industry veterans Justin W. and Joe Jolson are set to join WealthFeed’s Board of Directors, bringing a wealth of experience and insight to the company's strategic direction. WealthFeed introduces a dynamic money-in-motion prospect database, enabling advisors to pinpoint high-converting prospects with unprecedented precision. This tool is set to revolutionize prospecting by offering real-time identification of potential clients experiencing significant financial events. Beyond prospecting, the platform enriches existing client databases with financial data and provides alerts about money-in-motion activities. This feature aims to enhance client retention and unlock new asset aggregation opportunities, ensuring advisors can effectively respond to client needs and market movements. By democratizing access to AI and big data, WealthFeed is positioned to significantly impact the financial advisory landscape. From solo practitioners to national RIA firms, the platform offers a scalable solution to longstanding challenges in organic growth, client retention, and wallet-share expansion. This funding round marks a crucial step forward in integrating advanced technology within wealth management. WealthFeed's approach to leveraging AI for proactive financial advising could set new industry standards, encouraging further innovation and adoption of technology-driven solutions. Want to stay up to date with the market? Here my newsletter: - Linkedin: https://t.ly/s541W   - Substack: https://lnkd.in/dzfGJzmW

As software M&A continues to adapt, Cavendish’s latest Software Update highlights key drivers in valuations and transaction activity. High-growth SaaS businesses remain highly sought after, and demand is intense for companies leveraging AI to enhance product offerings.    Anthony Platt, Head of Technology at Cavendish, remarks, “AI is a focal point, especially in automation and integrations with large language models (LLMs), enhancing software capabilities across industries.”   Soben Durai, Associate Director at Cavendish, commented: "This quarter, we delve into pivotal factors—strong KPIs, cross-border activity, and evolving private equity strategies—that are shaping the landscape. As valuations stabilise post-ZIRP, UK software companies demonstrate resilience, with typical private company ARR multiples between 4.5x and 6.5x expected to carry into 2025."   Our report offers valuable data and strategic takeaways. Please contact Anthony or his team to discuss.   Download the report here - https://lnkd.in/edBg_8Sf

A HUGE congratulations to Ben Hurley who has been appointed Devexperts' CEO 👏 🇮🇪 🚀 Joining the company in 2022 and serving as Country Manager in Ireland, Ben brings over TWO DECADES of innovation experience, business process optimization AND product development making him ideally positioned to guide Devexperts into their next phase of growth! 🤝 💹 Hurley takes over from Michael Babushkin with the transition ensuring continuity, with Devexperts remaining focused on maintaining momentum, fine-tuning operations, laying strong foundations for the future of the company. 👨💻 Ben Hurley, CEO of Devexperts, said: “We have evolved to the position of strategic partner with many major clients. Our relationships are now far more than just as a product company or a service provider: we work with clients to customize solutions that align with their needs as the industry continues to evolve. Whether through build, buy or hybrid approaches, we focus on connecting our users to financial market opportunities by providing best-in-class technology solutions, including advice from our deep insight into the capital markets sector.” “We are committed to enabling widespread access to financial markets by expanding our technology offerings to brokers and financial institutions. Devexperts is already doing this, for example by offering fractional stock trading capability on our platforms that enables broader investor participation, and supporting mobile platforms and AI as practical tools for end users. We will continue to explore emerging markets such as Latin America and Asia, while also addressing the needs of mature markets, where we have a long-standing and established presence, such as the US and the UK.” “Our founder and former CEO, Michael Babushkin, provided a solid foundation for Devexperts’ technology and practices, upon which we continue to build the innovative capabilities our clients have come to expect from us. Looking forward, we will continue to do this whilst also continuing to push the limits of innovation. With Michael’s ongoing involvement, we are well-positioned to advance our mission and meet the evolving needs of our users.” Read more on the link below! 👇 Chrissanthi Diakanastasis Lina Rumenova Elena Gorbacheva Stanislav Stolyar Paulo Pina Pires Togay Aytemiz, PMP Mariana Wall #devexperts #ceo #capitalmarkets #multiassettrading #financialmarkets #saas #chiefexecutiveofficer

Software transactions have rebounded strongly in 2024 and we are continuing to see lots of activity in the sector. See Cavendish's latest software update for an overview of the key drivers in software valuations and transaction activity

We're excited to launch an interactive public version of Carter, our AI co-worker for investor relations and finance teams at asset management firms! You can check him out at demo.tatch.ai With Carter you can improve your entire fund workflow, including: - Streamlining investor communications: Carter can assist in generating investor communications like letters, emails, and reports, saving you time. - Getting support for diligence processes: Carter can help in completing RFPs, DDQs, and investor DD requests by gathering and analyzing relevant data from multiple sources. - Gaining actionable insights: Carter can provide queryable insights from financial statements and fund docs, enabling consistent communication and data-driven decision-making. - Tailoring investor communications: By centralizing portfolio information, Carter allows you to query and extract relevant insights to help tailor your investor communications and prepare for meetings. - Increasing efficiency: Carter can integrate with your calendar and CRM systems to automate mundane workflows like capital call updates & fundraising. - Ensuring data security and compliance: We are SOC2 and GDPR compliant, and we set up custom cloud environments to ensure no data mixing, keeping your proprietary data isolated and private. #ai #investorrelations #finance #privateequity #venturecapital #appliedAI #verticalAI

https://lnkd.in/gfrYcmd9 Great post on the rise Service-as-software from Foundation Capital Joanne Chen Jaya G. Many great points and calls out a key element: shifting to an outcome based pricing model.

United States market intelligence & search platform AlphaSense has raised $650 million at $4 billion valuation, and buying company & financial data platform Tegus for $950 million. Investors in AlphaSense include Viking Global Investors, BDT & MSD Partners, JP Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital, Alphabet CapitalG & Goldman Sachs Alternatives. Read - https://lnkd.in/gx3PmNxX follow Caproasia | Driving the future of Asia United States market intelligence & search platform AlphaSense has raised $650 million at $4 billion valuation, and buying company & financial data platform Tegus for $950 million. Investors in AlphaSense include Viking Global Investors, BDT & MSD Partners, JP Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital, Alphabet CapitalG & Goldman Sachs Alternatives. Jaakko (Jack) Kokko, CEO & Founder at AlphaSense: “This transaction marks a pivotal moment for AlphaSense in our mission to help businesses and investors make better decisions with confidence and speed. I am thrilled to join forces with the Tegus team as a significant leap forward in furthering our mission, adding top-quality content on public and private companies, and enhancing our ability to deliver even more comprehensive insights to our customers around the world.” Michael Elnick, Co-Founder & Co-CEO at Tegus: “ This is a significant moment for Tegus. For nearly a decade we’ve worked to transform how companies and investors conduct research. By joining forces with AlphaSense, we’re going to empower clients in new and more powerful ways. AlphaSense and Tegus are like-minded companies, with a shared vision, and I couldn’t be more excited to continue pursuing our mission of modernizing research for businesses, together.” AlphaSense (11/6/24): “AlphaSense the leading market intelligence and search platform, today announced an agreement to acquire Tegus, a leading provider of expert research, unique private company content, and financial data and workflow tools. This transaction will bring Tegus’ breadth of private company data to AlphaSense’s platform, further delivering on the companies’ shared mission to empower business and financial professionals to make smarter decisions through AI-driven market intelligence. As part of this deal, AlphaSense has raised $650 million in funding, co-led by Viking Global Investors and BDT & MSD Partners, and joined by new investors, J.P. Morgan Growth Equity Partners, SoftBank Vision Fund 2, Blue Owl, Alkeon Capital ... ... AlphaSense, Tegus Viking Global Investors, BDT & MSD Partners, J.P. Morgan, SoftBank Investment Advisers, SoftBank Group International, Blue Owl Capital, Alkeon Capital, CapitalG, Goldman Sachs, Goldman Sachs Asset Management

If you’re using search engines to source deals, it’s time to rethink your strategy. In private equity, investment banking and M&A, financial professionals need powerful tools tailored to their needs. We did an experiment to see how our AI-powered Finder platform would perform compared to a Google search. Take a look at our blog post to see how it turned out. #dealsourcing #dealopportunities #AIpowered #predictivecapabilities

Legacy software still rocks! With software companies continually pushing new products, and the relentless pace of technology change, it can be incredibly challenging for firms to be confident that they are making the right decisions. One way to avoid making the wrong decision is to make no decision at all - right?! In our latest blog, Inflo's CEO, Mark Edmondson FCA, takes a wry look at the top 10 reasons firms should stick with their legacy desktop solution. Link to the full post in comments. #audit #technology #ai

Check out our July Market Map and a special edition of advicetech stats and data 🙌🏻