Passthrough

Middletown, United States Founded: 2002 • Age: 24 yrs Acquired By iCapital
Fund closing and automated subscriptions for private funds are facilitated.
Annual revenue - Latest available
Total funding $15.0M 2 rounds
Employees - Tracked headcount
Investors 15 Known backers
Products 3 Services tracked
Competitors 3 Brand Intelligence

About Passthrough

Passthrough is a company based in Middletown (United States) founded in 2002 by Alex Laplante, Benjamin Doran, and Tim Flannery was acquired by iCapital in February 2026. Passthrough has raised $15 million across 2 funding rounds from investors including Okta, iCapital and Positive Sum. Passthrough offers products and services including Electronic Subscription Documents, KYC/AML Service, and 31 CFR Compliance. Passthrough operates in a competitive market with competitors including Vauban and Rivver, among others.

  • Headquarter Middletown, United States
  • Founders Alex Laplante, Benjamin Doran, Tim Flannery
  • Sectors
    Technology
  • Email
    Locked
  • Phone
    Locked
  • Website
    Locked
  • Social
    Locked
Operational Areas
Technology → Marketing, Adtech & Commerce Technology Unlock Sub-Sector Unlock Segment
Key Metrics
  • Annual Revenue
    Not available
  • Net Profit
    Not available
  • EBITDA
    Not available
  • Total Equity Funding
    $15 M (USD)

    in 2 rounds

  • Latest Funding Round
    $10 M (USD), Series A

    Dec 07, 2022

  • Investors
    Okta

    & 14 more

  • Employee Count
    Not available
  • Acquired by
    iCapital

    (Feb 13, 2026)

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Products & Services of Passthrough

Passthrough offers a comprehensive portfolio of products and services, including Electronic Subscription Documents, KYC/AML Service, and 31 CFR Compliance.

Product name locked
Category locked
Primary

Automates creation and management of subscription documents for funds.

Product name locked
Category locked
Locked

Screens beneficial owners and manages anti-money laundering compliance.

Product name locked
Category locked
Locked

Handles regulatory requirements for fund compliance programs.

People of Passthrough

Headcount 10-50
Employee Profiles 25
Employee Profiles
People
Joseph Tibbertsma
Software Engineer
People
Tiago L.
Software Engineer
People
Claudia Wadolowski
Operations Lead
People
Rachel Lappen
Marketing Development Representative

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Funding Insights of Passthrough

Passthrough has successfully raised a total of $15M across 2 strategic funding rounds. The most recent funding activity was a Series A round of $10 million completed in December 2022. 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.

Investors in Passthrough

Passthrough has secured backing from 15 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Okta, iCapital and Positive Sum.

All
Venture Fund
Institutional
Angel
Investor Description Founded Year Domain Location
Venture capital firm investing in early stage and later stage gaming companies
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Venture capital funding is provided to early-stage companies and entrepreneurs.
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Tech focused early-stage micro VC firm investing in the US
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Investor details for Passthrough

Investor domains, locations, round participation, and complete history require an active premium plan.

  • Investor domains
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  • Participation history

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Investments & Acquisitions by Passthrough

Investments
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Investment portfolio details for Passthrough

Portfolio company identities, transaction dates, round details, and investment values require an active premium plan.

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  • Transaction dates
  • Round details
  • Investment values

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Financial Statements - Passthrough

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Detailed financials for Passthrough

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  • Profit trends
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Passthrough Comparisons

Passthrough Primary company
Description
Fund closing and automated subscriptions for private funds a...
Location
Middletown, United States
Founded Year
2002
Annual Revenue
Not available
Net Profit
Not available
EBITDA
Not available
Employees
Not available
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Peer comparison for Passthrough

Named peer metrics, headcount, funding, location, and side-by-side benchmarks require an active premium plan.

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Competitors of Passthrough

Passthrough 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 Vauban and Rivver, among others.

Company Name Domain Founded year HQ Location Description
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A portfolio management platform for private market investments is offered.
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Securities issuance and fund administration platform is operated.
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Detailed competitors of Passthrough

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  • Domains and locations
  • Full company profiles
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Latest news on Passthrough

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Complete news archive for Passthrough

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Frequently Asked Questions about Passthrough

Passthrough was founded in 2002 and raised its 1st funding round 20 years after it was founded.

Passthrough is headquartered in Middletown, United States.

Benjamin Doran is the current CEO of Passthrough. They have also founded this company.

Passthrough is a funded company, having raised a total of $15M across 2 funding rounds to date.

Passthrough was founded in 2002 in Middletown, United States, focusing on solutions for private fund administration. Tools for documentation, execution, regulatory compliance, workflow management, and account validation are provided to support attorneys, investors, and general partners. Communications across the network are streamlined to enable submission of subscription contracts, with operations centered on automating fund closings in the financial services sector.

Passthrough's top competitors include Vauban and Rivver.

Passthrough offers Electronic Subscription Documents, KYC/AML Service, and 31 CFR Compliance.

Passthrough has 15 investors. Key investors include Okta, iCapital, Positive Sum, Motley Fool Ventures, and Broadhaven Ventures.

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