Simon Markets LLC, a NYC-based digital wealth management platform for financial professionals, closed the first leg of a strategic financing round of up to $100m of growth capital.
The Series B round was led by WestCap, with participation from existing investors. Additionally, WestCap Partner and former Ipreo President and COO Kevin Marcus is joining Simon’s Board of Directors.
The company intends to use the funds to further advance its core offering across structured investments and annuities, while driving additional growth initiatives centered on product and geographic expansion.
Led by Jason Broder, CEO, Simon provides a technology platform that streamlines the work of financial professionals, enabling them to explore alternative investment solutions. The platform delivers structured investment, annuity, and defined outcome ETF solutions to over 100,000 financial professionals, who serve $5 trillion in client assets, empowering them with on-demand education, a marketplace,
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WASHINGTON, March 17, 2021 /PRNewswire/ Torch.AI, a leading global artificial intelligence (AI) firm that uses machine learning to enable massively scaled, ultra high performance data processing, today announced it raised $30 million in Series A funding to accelerate its overall growth strategy. The funding, led by Laurence Tosi s WestCap Group, a prominent San Francisco-based investment firm, will enable the company to rapidly scale its
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