Moonfare sees overwhelming demand in extended Series C round at record valuation
Moonfare, the world's digital private equity investment platform, has an expansion of its Series C funding round capped at approximately $15 million and record valuation reached. This brings the total capital raised in this financing round to more than $130 million. With the expansion of the Series C Financing round Moonfare now welcomes 7 Global Capital (7GC) as an additional institutional investor on board.
7GC is a boutique investment manager investing in emerging US technology companies with market-leader potential, including Jackpocket, Roofstock, Jio and Hims&Hers.
Steffen Pauls, Founder and CEO, Moonfare: “We are excited about this investment, especially when you consider that the valuations of the most valuable VC-backed companies have fallen by half over the past few months. We have experienced overwhelming demand from shareholders and institutional investors to participate in this expansion round shows that Moonfare is solidifying its mission to democratice access to private equity. Individual investors and their advisors are increasingly taking refuge in private equity, especially given the current volatile public markets. We want to meet this demand by offering a an even broader spectrum of like-minded investors access to our curated private market funds provide. We will offer new products, expand into new markets and our leadership team through further top-class private equity experts. We are well positioned to continue our growth plans for to fulfill this year.”
Moonfare allows qualified private investors to invest in private equity and venture capital funds top tier PE and VC firms like KKR, Carlyle, EQT and Insight Partners - at low prices Starting amounts and using a fast and user-friendly digital platform.
The company grew its assets under management by nearly 60% year over year and closed in December 2022 with over 2.3 billion dollars. During the same period, the number of moonfare investors grew by 40% to 3,393 and the community of registered users has more than doubled to over 48,000. Around To meet this increased demand, Moonfare has increased the number of offerings on its platform Increased funds from 40 to 69 (up 73%) and entered two new asset classes: impact and philanthropy. In 2022, the company launched in nine more countries, including the Scandinavian countries, Portugal, Israel and the USA, and opened four new offices in Singapore, New York, Zurich and Paris.
