About AltExchange
AltExchange is a company based in New York (United States) founded in 2013 by Kareem Hamady was acquired by iCapital in November 2024.. AltExchange has raised $3 million across 1 funding round from investors including iCapital, Motley Fool Ventures and Broadhaven Ventures. AltExchange offers products and services including AltExchange Platform and AI-Driven Reporting Tool. AltExchange operates in a competitive market with competitors including Addepar, Altruist, InvestCloud, sei and Avaloq, among others.
- Headquarter New York, United States
- Founders Kareem Hamady
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Sectors
Technology
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Email
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Phone
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Website
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Social
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- Legal Name Altexchange, Inc.
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Products & Services of AltExchange
AltExchange offers a comprehensive portfolio of products and services, including AltExchange Platform and AI-Driven Reporting Tool. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Automates alternative investment reporting and data syncing for advisors.
Provides advanced reporting on alternative investments to enhance decision-making.
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Funding Insights of AltExchange
AltExchange has successfully raised a total of $3M through 1 strategic funding round. The most recent funding activity was a Seed round of $3 million completed in June 2024. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 1
- Last Round Seed — $3.0M
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First Round
First Round
(26 Jun 2024)
- Investors Count 3
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jun, 2024 | Amount | Seed - AltExchange | Valuation | Motley Fool Ventures , Broadhaven Ventures |
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| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
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| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in AltExchange
AltExchange has secured backing from 4 investors, including venture fund and institutional investors. Prominent investors backing the company include iCapital, Motley Fool Ventures and Broadhaven Ventures. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Venture capital funding is provided to early-stage companies and entrepreneurs.
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Founded Year | Domain | Location | |
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Venture capital investment in fintech startups
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Founded Year | Domain | Location | |
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Offers personalized investment advice, financial planning, and wealth management solutions.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by AltExchange
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
Financial Statements - AltExchange
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Altexchange Comparisons
Competitors of AltExchange
AltExchange operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Addepar, Altruist, InvestCloud, sei and Avaloq, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Wealth management solutions are delivered for investment advisors.
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| domain | founded_year | HQ Location |
Portfolio management software for financial advisors
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| domain | founded_year | HQ Location |
Investment management software is provided for advisors and institutions.
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| domain | founded_year | HQ Location |
Wealth and investment management solutions are offered to institutional investors.
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| domain | founded_year | HQ Location |
Cloud-based solutions for financial institutions are provided by Avaloq.
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| domain | founded_year | HQ Location |
Asset and wealth management software is provided for businesses.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Altexchange
Frequently Asked Questions about AltExchange
When was AltExchange founded?
AltExchange was founded in 2013 and raised its 1st funding round 11 years after it was founded.
Where is AltExchange located?
AltExchange is headquartered in New York, United States. It is registered at New York, New York, United States.
Who is the current CEO of AltExchange?
Kareem Hamady is the current CEO of AltExchange. They have also founded this company.
Is AltExchange a funded company?
AltExchange is a funded company, having raised a total of $3M across 1 funding round to date. The company's 1st funding round was a Seed of $3M, raised on Jun 26, 2024.
What does AltExchange do?
Founded in 2013 and based in New York, United States, AltExchange operates in the fintech sector, focusing on alternative investments. A data standard is provided for investment management, allowing financial advisors, asset managers, and investors to streamline reporting processes and consolidate data. AI is utilized by the platform to aggregate performance metrics and deliver real-time visibility into alternative investment portfolios.
Who are the top competitors of AltExchange?
What products or services does AltExchange offer?
AltExchange offers AltExchange Platform and AI-Driven Reporting Tool.
Who are AltExchange's investors?
AltExchange has 4 investors. Key investors include iCapital, Motley Fool Ventures, Broadhaven Ventures, and Ritholtz Wealth Management.
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