About AltExchange
AltExchange is a Technology company based in New York (United States) founded in 2013 by Kareem Hamady, and was acquired by iCapital in November 2024. It operates as a fintech platform that provides alternative investment reporting and management solutions. AltExchange has raised $3 million across 1 funding round from investors including iCapital, Motley Fool Ventures and Broadhaven Ventures. Its chief executive is Kareem Hamady. AltExchange offers products and services including AltExchange Platform and AI-Driven Reporting Tool. Its focus areas include FinTech, Investment Tech, Wealth Management IT and Embedded Investing. Its legal entity is ALTEXCHANGE, INC. Its competitors include Addepar, Altruist, InvestCloud, sei and Avaloq and 5 more; 6 of its 10 listed competitors have raised funding.
Company details
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.
- Headquarters New York, United States
- Founders Kareem Hamady
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Phone•••• ••••
- Website altexchange.com
- Social LinkedIn X
- Acquired by iCapital (Nov 2024)
- Legal Name Altexchange, Inc.
Products & Services of AltExchange
AltExchange offers a comprehensive portfolio of products and services, including AltExchange Platform and AI-Driven Reporting Tool.
Automates alternative investment reporting and data syncing for advisors.
Provides advanced reporting on alternative investments to enhance decision-making.
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 $3M
- Total Rounds 1
- Last Round Seed — $3M
- First Round $3M
(Jun 2024)
- Investors Count 3
All 1 funding rounds of AltExchange with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2024 | $3M | Seed | – | Motley Fool Ventures, Broadhaven Ventures | – |
4 investors in total: 4 institutional.
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.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital funding is provided to early-stage companies and entrepreneurs. | – | foolventures.com | Alexandria, United States | |
Venture capital investment in fintech startups | – | broadhaven.vc | San Francisco, United States | |
Offers personalized investment advice, financial planning, and wealth management solutions. | 2013 | ritholtzwealth.com | New York, United States | |
Software solutions are provided for managing private investments. | 2013 | icapital.com | New York, United States |
Investor details for AltExchange
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
People of AltExchange
7 people are tracked at AltExchange (3 in leadership, 4 in team).
| Name | Role | Group |
|---|---|---|
Kareem Hamady | Co-Founder & CEO | Leadership |
Zak Boca | CEO | Leadership |
Naru Muraleedharan | CTO | Leadership |
Jonathan Barney | Solutions Architect | Team |
Clayton Brown | Lead Architect | Team |
Ted Biderman | General Counsel | Team |
Morgan Moench | Alternative Asset Analyst | Team |
Complete people profiles for AltExchange
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Timeline of AltExchange
3 dated milestones of AltExchange across 11 years, from founding to its latest funding, stage changes and deals.
- Founded AltExchange is founded.
- Funding First funding round of $3.0M.
- Exit Acquired by iCapital.
Competitors of AltExchange
AltExchange has 10 listed competitors in our database, 6 of them funded. They include Addepar, Altruist, InvestCloud, sei and Avaloq, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| addepar.com | 2009 | Mountain View, United States | $759.1M | 560 | Wealth management solutions are delivered for investment advisors. | |
| altruist.com | 2018 | Los Angeles, United States | $601.5M | 169 | Portfolio management software for financial advisors | |
| investcloud.com | 2010 | West Hollywood, United States | $78.73M | 373 | Investment management software is provided for advisors and institutions. | |
| seic.com | 1968 | Oaks, United States | – | 5,061 | Wealth and investment management solutions are offered to institutional investors. | |
| avaloq.com | 1985 | Zurich, Switzerland | $301.11M | – | Cloud-based solutions for financial institutions are provided by Avaloq. | |
| 360.one | 2008 | Mumbai, India | – | 65 | Asset and wealth management software is provided for businesses. | |
| onevest.com | 2021 | Calgary, Canada | $38.75M | 90 | No-code platform for wealth management is provided by OneVest. | |
| broadridge.com | 2007 | New York, United States | – | 14,600 | Cloud-based accounting and financial management solutions are offered to businesses. | |
| envestnet.com | 1999 | Berwyn, United States | – | 1,342 | Cloud-based solutions are offered for wealth management and financial advising. | |
| milessoft.com | 1999 | Mumbai, India | $1.12M | 210 | Back-office solutions are offered to wealth managers and financial institutions. |
Detailed competitors of AltExchange
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Web traffic of AltExchange
The website of AltExchange (altexchange.com) receives about 2.3K visits a month.
- Monthly visits2.3K
▼ 15.7% vs previous month
Websites whose visitors overlap most with AltExchange. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| overlaycapital.com | 100% | 1.7K | #8,949,139 | View details |
Top companies in Investment & Financial Technology
10 companies that operate in the same segment as AltExchange (Investment & Financial Technology), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Online exchange platform for cryptocurrency | 2017 | Ta Xbiex, Malta | USD 2.02 B | – | 14,747 | |
Online social trading platform for cryptocurrency, stocks, ETFs, and CFDs | 2007 | Tel Aviv, Tel Aviv, Israel | USD 422.94 M | USD 925.73 M | 2,713 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based brokerage stock trading platform | 1996 | Mumbai, Maharashtra, India | USD 38.41 M | USD 548.9 M | 3,830 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | – | 602 | |
Smart investment portfolios are offered via an online platform. | 2015 | Bengaluru, Karnataka, India | USD 121.05 M | USD 635.51 K | 231 | |
App-based automated investment and retirement planning platform | 2010 | New York, New York, United States | USD 335 M | – | 674 | |
Money Forward is engaged in providing financial technology solutions. | 2012 | Minato, Tokyo, Japan | USD 42.9 M | USD 322.51 M | 2,600 | |
Wealth management solutions are delivered for investment advisors. | 2009 | Mountain View, California, United States | USD 759.1 M | – | 1,524 |
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Related news about Altexchange
Complete news archive for AltExchange
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Frequently Asked Questions about AltExchange
AltExchange was founded in 2013 and raised its 1st funding round 11 years after it was founded.
AltExchange is headquartered in New York, United States. It is registered at New York, New York, United States.
Kareem Hamady is the current CEO of AltExchange. They have also founded this 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 2024.
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.
AltExchange offers AltExchange Platform and AI-Driven Reporting Tool.
AltExchange has 4 investors. Key investors include iCapital, Motley Fool Ventures, Broadhaven Ventures, and Ritholtz Wealth Management.
AltExchange operates through Altexchange, Inc..
Yes. AltExchange was acquired by iCapital in November 2024.