FOTech Bulletin

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Funding, M&A and Strategic Moves

• Arch Raises $52M to Scale Infrastructure for Private Markets
• Thomson Reuters Acquires Additive to Boost AI-Powered Tax Document Automation
• Nasdaq to Sell Solovis to Insight Partners, Refocus on eVestment
• Eton Solutions Expands Access to AI Platform Beyond Family Offices
• Treasury4 Acquires TreasuryGo
• PostSig Secures $4.1M Seed Funding to Transform Contracts into AI-Powered Intelligence

Partnerships & Integrations

• Foundation Source × Envestnet
• Bridge and Passthrough Partner on Integrated KYC/AML Compliance
• iCapital & Addepar Power J.P. Morgan Private Bank’s Lifestyle Services
• K1x and Labyrinth Partner to Streamline Nonprofit Compliance
• Monark–SecondaryLink Partnership
• iCapital Partners with Tangible Markets on Liquidity Solutions
• Hadrius & BridgeFT
• Venn by Two Sigma has become an Addepar Premier Partner

Product Updates

• Copia Wealth Studios launches Deal Space
• Allvue Unveils Private Credit Intelligence via Nexius Expansion
• Orion Debuts AI Assistants, UHNW Summit Experience, and Strategic Insights Dashboard

People Moves

• PCR Insights has named Michael Pacheco as Director of Sales

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Funding, M&A and Strategic Moves

• Eton Solutions Secures $58M Series C
• iPaladin–Orca Patent Dispute Continues
• Alkymi Raises Strategic Financing to Advance AI in Private Markets
• Xero to Acquire Melio in $3B Push into U.S. Market
• iCapital Raises $820M, Reaches $7.5B Valuation
• Carlyle Acquires Intelliflo from Invesco for Up to $200M

Product Updates and Partnerships

• Masttro Integrates with Arch for Real-Time Alternatives Data
• Copia Unveils Connect
• Canoe Launches AI Innovation Hub with Early Access Program
• Abbove Expands with New AI Co-Pilot and Deutsche Bank Partnership
• SS&C Unifies Wealth Platforms as Advisors Migrate from Morningstar Office
• Alpha FMC joins Addepar’s partner program as a Services Partner

People Moves

• Nathan Kotler appointed Head of Investments at Asseta AI
• Bridge appoints Alejandro Vollbrechthausen as Head of Product and adds Machine Learning Engineer
• Sunil Bheda named Chief Product Officer at K1x
• Asora hires John Molesphini (CRO) and Tim Byrne (CTO)
• George Guidotti joins ARQA as Director of Enterprise Solutions
• Megan Greer becomes President of Fund Administration at Archway
• Dennis Mangalindan joins Canoe Intelligence as Senior Director of Family Office Strategies & Accounting Sales
• Sebastian Henrichs appointed COO at Flanks
• Kerry Nagle becomes COO at BlackCloak
• Erin Harrigan promoted to CFO at Foundation Source

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M&A and Strategic Moves

• Archway Names Anthony Abenante CEO as Firm Becomes Independent
• Foundation Source Acquires Pacific Foundation Services
• PCR Reshapes Leadership and Strategy
• Altruist Acquires Thyme and Rebrands with AI Assistant for RIAs
• iCapital Expands in Utah

Product Updates and Partnerships

• Chantico and Copia Form Scenario Modeling Partnership
• BlackCloak and PwC Partner to Address Converging Cyber and Physical Threats
• Canoe and Asora Partner to Streamline Family Office Reporting
• Chronograph and FIS Integrate via Snowflake to Streamline Private Capital Data
• K1x Adds 1099 Data Extraction to AI Tax Platform
• ARQA Powers Integrated Partners’ New AI-Driven Advisor Dashboard
• ExpensePoint Integrates with Sage
• Monark and InteliClear Integrate to Expand Pre-IPO Access for Broker-Dealers
• First Rate Integrates InvestSuite’s StoryTeller for Narrative Reporting
• Accelex and Quantyx Partner on Private Markets Risk Automation
• Orion Expands Investment Access with J.P. Morgan SMAs and iCapital Integration
• Bridge Alternatives Now Active in New York
• MG&A Wealth Selects Proteus for Private Market Access

Leadership Moves

• Rusdi Sumner Joins InfoGrate
• Julia Kosinski Joins Luminary
• David Thomas O’Malley Appointed President of LemonEdge
• Valli Nachiappan Joins Orion as CTO
• Aaron Klein Launches Contio

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📢 Company Headlines – May 2025

• Addepar acquires Arcus, raises $230M to boost AI platform.
• HSBC UK adopts Addepar for client reporting.
• iCapital buys Citi’s alt feeder platform.
• Emigrant Bank hires Rogozinski and Eyler for FO services.
• Altruist raises $152M to expand RIA custodian platform.

🤝 Partnerships & Integrations

• Nines launches on-premise version for privacy-focused clients.
• Vanilla debuts AI tools for estate planning.
• Wealth.com picked by OneDigital for estate planning.
• Addepar and OSYTE partner on integrated portfolio management.
• Canoe and Envestnet partner on alts data automation.

🧑‍💼 People Moves

• Advyzon names Clark Richards VP of Client Success.
• BILL appoints Rohini Jain CFO; expands Rettig’s role.
• Aleta hires Christian Andersen as CTO.
• Accelex expands APAC sales team.

💼 Hiring

• Entrilia hiring across roles.
• K1X recruiting tech and ops talent.
• BlackCloak hiring remote staff.
• OSYTE hiring Product Manager.
• Sage seeks Strategic Alliances Manager.
• Jack Arrix team hiring.

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Company Headlines – April 2025

Foundation Source acquires Giving Place to deepen DAF capabilities.
Allvue launches Nexius, an AI-ready data platform for private capital markets.  
Altruist Closes $152M Series F at $1.9B Valuation to Supercharge RIA Innovation
F2 Strategy acquires MD Solutions to expand RIA and SFO services.
Asseta raises $1.5M pre-seed to scale AI-powered family office platform.
Wealth.com gains Schwab investment, integrates with eMoney Advisor.
SS&C opens Riyadh office to support Middle East growth.

Partnerships & Integrations

Luminary adds modeling tools for GRATs, CRTs, CLTs and entity visuals.
BlackCloak introduces identity verification against deepfakes.
Elysys launches Elysys Wealth App on Microsoft AppSource.
Xero partners with BILL to offer integrated U.S. bill payments.
WealthArc integrates with BlackRock Portfolio 360 for real-time analytics.
Vanilla partners with Mariner Wealth Advisors to expand estate planning access.
Canoe and Ocorian collaborate to streamline fund data workflows.
BridgeFT and iCapital launch unified alt + public market data solution.
Chronograph debuts private market data extraction tool.
SoftLedger enhances multi-entity bank reconciliation.
Envestnet expands alt integrations with Canoe and Arch.

People Moves

Masttro appoints Dan Kutner as Head of Sales, North America.
Ashby Foltz joins Foundation Source as SVP of Product.
Boosted.ai names Christian Antaloczy as Chief Product Officer.
1fs Wealth adds ex-Deutsche Bank CEO Frank Krings as advisor.
Henk Jan Kinds joins Pretim along with former PCR colleagues.

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Company Headlines – March 2025

SEI sells Archway to Aquiline in $120M deal; brand returns to Archway.
Copia launches AI wealth platform, acquires Kinship. 
Flanks Raises €14M to Scale Wealth Automation Platform.
Trusted Family opens U.S. office in Austin to expand reach. 

Partnerships & Integrations
RSM switches to Arch for private markets accounting.
Elysys connects to Arch for PE data sync.
Collation.AI joins Sage Intacct Marketplace with investment reporting tools.
Canoe & Prime Buchholz launch PrimePlus, streamlining alt data.
BlackCloak & Blackbird.AI partner on cyber + reputational risk.
BetaNXT & Fi-Tek debut TrustWealthX to unify trust/brokerage views.
Forest Systems & Summitas partner on reporting and document sharing.
Callan FO & Foundation Source join forces on philanthropy services.
Wealth.com teams with Cetera for estate planning access.
leafplanner partners with Long Angle to support HNW families.
BridgeFT & ShellBlack integrate 900+ custodians into Salesforce FSC.

Product Updates
Luminary adds AI estate diagrams and client presentation tools.
FundCount automates cash reconciliation.
Mantle launches Portal Reports for real-time dashboards.
Alkymi scales on Google Cloud, expands to Saudi Arabia.
Canoe, Arch, Collation.AI, and others roll out new capabilities.

People Moves
Tech-NEW-logy Institute names four new committee members.
Vanilla hires execs from Goldman Sachs & Brex.
Canoe names Zack Helgeson as Head of Product.
BlackCloak appoints Jana Whitcomb as VP of Partnerships.

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Company Headlines – February 2025

Addepar Expands Alts Tools – Launches Alts Data Management, Private Fund Benchmarks, and cash flow forecasts in Navigator.

SumIt Enhances Budgeting & Addepar Integration – Adds a budget module and joins the Addepar Integration Center.

Luminary Partners with Orion – Integrates AI-powered estate planning tools into Orion’s platform.

Prismatic Rebrands as Asseta – Positions as a family office-first AI-driven solution.

Aleta Expands in the US – CEO Ken Gamskjaer relocates, Anders Viskum leads Nordics.

Chronograph & Bipsync Partner – Merges private market data with investment research.

Vanilla Launches V/AI Copilot – AI-driven estate planning assistant enhances workflows.

Eton Solutions Expands in India – Partners with TriGen Wealth to provide family office tech.

Foundation Source & Northern Trust Partner – Deliver cloud-based private foundation management.

Morningstar & Black Diamond Alliance – Morningstar Office users transition to Black Diamond.

Orion Enhances Advisor Platform – Adds AI-driven features, options trading, and tax tools.

ProTrustee Welcomes Old Mission Investment – South Dakota trust firm adopts ProTrustee solutions.

iCapital Upgrades Architect Tool – Adds white-labeling, portfolio allocation & workflow automation.

Product Updates

Chronograph – Integrates private market data into Bipsync.
Vanilla – Expands V/AI estate planning suite.
Orion – Enhances advisor platform with AI & trading tools.
iCapital – Automates investor passporting for KYC/AML.

Moving & Grooving

Chris Jones – Joins Canoe Intelligence as CRO.
Mike Muniz – Becomes CSO at Canoe Intelligence.
Brandy Bitter – Named VP at Aquilance.
Santhana Parthasarathy – Joins BlackCloak as VP of Engineering.
Tanner DeBry – Becomes Director of Customer Success at Asora.
Ledgex Leadership Changes – CEO & senior execs depart; updates expected.

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Company Headlines – January 2025

Addepar Seeks $250M – Late-stage funding at a $3.25B valuation to drive growth and innovation.

WealthHub Raises $1.4M – Modernizing fiduciary services with new Series Seed funding.

Allvue Acquires PFA Solutions – Adds compensation and carried interest tools for private equity and venture capital.

SEI Acquires LifeYield – Enhances tax-efficient wealth management with new capabilities.

iCapital to Acquire Parallel Markets – Streamlines KYC/AML with reusable digital identity solutions.

Entrilia Partners with Svalner – Powers Nordic fund administration with integrated solutions.

Product Updates

Chronograph – Integrates with Carta for real-time private equity data synchronization.

SS&C Technologies – Enhances alternatives platform with expanded asset class support.

Vanilla Labs – Launches tools for GRATs, CLATs, and estate planning insights.

Opto Investments – Introduces "Planner" tool for private market strategies.

Luminary – Adds offshore support and growth projections to its estate planning platform.

Moving & Grooving

Jay McNamara – Named CEO of Masttro, leading its expansion.

Michelle Kiernan – Appointed HR Director at LemonEdge to drive global growth.

Arun Anur – Joins Orion as COO to oversee client experience and operations.

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Company Headlines – December 2024

• Truewind Raises $13M – AI platform for accounting professionals expands with new funding.
• Copia Acquires Kinship – Adds relationship intelligence for wealth managers.
• iCapital Acquires AltExchange – Boosts AI-driven data aggregation for advisors.
• Sandbox Wealth Raises $1.25M – Modernizing banking solutions for RIAs and family offices.
• Eton Solutions Launches EtonGPT™ -enabled fund accounting for for GPs 
• Advyzon to Launch Auria – Family office platform set for Q1 2025.
• Foundation Source Acquires Vennfi – Expands donor-advised fund offerings.
• QPLIX Secures €25M – Funds global expansion into Europe, Middle East, and APAC.

Product Updates

• Masttro – New APIs and faster UI for family offices.
• Mantle & Nasdaq – Simplify liquidity programs with seamless cap table integration.
• Chronograph – Adds Cambridge benchmarks for LP analytics.
• Hazeltree – Enhances treasury tools with real-time bank connectivity.
• Vanilla – Integrates with eMoney for automated estate planning.
• TIFIN Give – Launches public campaigns for DAF donors.

Moving & Grooving

• Ryan Beach – Named CEO of F2 Strategy.
• Tracey Moon – Appointed CMO at BlackCloak.

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Company Headlines

• Addepar Launches Trading Platform – Simplifies portfolio rebalancing and data visualization
• K1x Secures $20M Funding – Edison Partners backs AI-driven K-1 reporting platform
• SS&C Unveils AI Alternatives Tool – Consolidates traditional and alternative investment data
• iCapital Hits $200B in Assets – Growth driven by private market demand and global expansion
• Wealth.com Partners with Addepar – Automates onboarding and estate planning
• Summitas and Orion Integrate – Boosts portfolio management tools
• Altoo Launches Mobile App – Streamlined wealth management on the go
• Vyzer Adds New Portals – Expands investor access with DLP and MAG Capital
• Vanilla Gains New Clients – Bank of Jackson Hole and Cedar Point join
• BMW Adopts ORCA Charts – Enhances entity management with automated charting

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Company headlines:

• Eton Solutions' EtonGPT™ is Officially Launched
• Wealth.com Raises $30M in Series A Funding  
• Vanilla Closes New Funding Round 
• BlackCloak Raises $17M Series B to Expand Cybersecurity for High-Targeted Individuals 
• VRGL Closes New Funding Round

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