About Powerwrap
Powerwrap is a Business Services company based in Melbourne (Australia) founded in 2008, and was acquired by Praemium in July 2020. Wealth management platform is operated for advisers and brokers. Powerwrap has raised $14.76 million across 1 funding round from investors including Praemium. Its focus areas include BPO Services and Horizontal.
Company details
Powerwrap was founded in 2008 in Melbourne, Australia, as a platform focused on wealth management within the financial services sector. Operations are centered on providing tools and services to advisers and brokers for client portfolio management and investment oversight. The company functions through its domain, powerwrap.com.au, supporting advisory practices across Australia with compliance and reporting features integrated into its core offerings.
- Headquarters Melbourne, Australia
- Stage Acquired
- SectorsBusiness Services
- Email••••••••
- Phone•••• ••••
- Website powerwrap.com.au
- Social LinkedIn
- Acquired by Praemium (Jul 2020)
Funding Insights of Powerwrap
Powerwrap has successfully raised a total of $14.76M through 1 strategic funding round. The most recent funding activity was a Series A round of $14.76 million completed in June 2017. 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 $14.76M
- Total Rounds 1
- Last Round Series A — $14.76M
- First Round $14.76M
(Jun 2017)
All 1 funding rounds of Powerwrap 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 2017 | $14.76M | Series A | – | – | – |
1 investors in total: 1 institutional.
Investors in Powerwrap
Powerwrap has secured backing from 1 investor. Prominent investors backing the company include Praemium.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Practice management software for wealth managers is developed and provided. | 2001 | praemium.com | Saint Helier, Jersey |
Investor details for Powerwrap
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
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Verified entity values are shown only after access is granted.
Timeline of Powerwrap
4 dated milestones of Powerwrap across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Powerwrap is founded.
- Funding First funding round of $14.8M.
- IPO Lists on the stock exchange (IPO).
- Exit Acquired by Praemium.
Web traffic of Powerwrap
Websites that share an audience with Powerwrap (powerwrap.com.au).
Websites whose visitors overlap most with Powerwrap. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| amp.com.au | 100% | 587.3K | #60,807 | View details | |
| mlc.com.au | 96% | 133.7K | #192,667 | View details | |
moneymanagement.com.au | moneymanagement.com.au | 69% | #513,960 | – |
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Related news about Powerwrap
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Frequently Asked Questions about Powerwrap
Powerwrap was founded in 2008 and raised its 1st funding round 9 years after it was founded.
Powerwrap is headquartered in Melbourne, Australia. It is registered at Melbourne, Victoria, Australia.
Powerwrap is a funded company, having raised a total of $14.76M across 1 funding round to date. The company's 1st funding round was a Series A of $14.76M, raised on Jun 2017.
Powerwrap was founded in 2008 in Melbourne, Australia, as a platform focused on wealth management within the financial services sector. Operations are centered on providing tools and services to advisers and brokers for client portfolio management and investment oversight. The company functions through its domain, powerwrap.com.au, supporting advisory practices across Australia with compliance and reporting features integrated into its core offerings.
Powerwrap has 1 investor. Key investors include Praemium.
Yes. Powerwrap was acquired by Praemium in July 2020.