Moonfare Founder, Chairman and CEO Dr Steffen Pauls
Moonfare, a global digital private equity (PE) investment platform with Asia Pacific headquarters in Singapore and Hong Kong, has raised US$15 million in a Series C extension round.
The investment came from 7 Global Capita, a cross-border VC firm investing in capital-efficient internet and consumer technology companies with market-leading potential.
This capital brings Moonfare’s total Series C round to over US$130 million. The startup earlier raised funding from Insight Partners, Vitruvian Partners and Swiss private bank Bordier & Cie.
Moonfare will use the new capital to fuel its growth plans.
Moonfare CEO and Founder Steffen Pauls said: “Individual investors and their advisors are increasingly seeking refuge in private equity, especially in current volatile public markets. We aim to meet this demand by giving an even broader range of like-minded investors access to our curated low-minimum private market funds.”
“We will offer new products, expand into new markets and strengthen our senior management team with seasoned private equity experts. We are well equipped to meet our growth plans for this year,” he added.
Moonfare provides individual investors and advisors with access to curated PE investment opportunities. With a digital onboarding process and asset management platform, Moonfare allows investors to register and invest in companies.
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To date, the startup claims to have offered more than 69 private market funds from top general partners worldwide, such as KKR, Carlyle, Permira, and EQT, with an emphasis on private equity buyouts, venture, growth and real asset categories like infrastructure.
Moonfare’s investment team conducts ground-up due diligence on all funds. Fewer than 5 per cent of available funds pass this process and make it onto its platform. It has over 3,00 clients who have invested more than €2 (US$2.13) billion on its platform.
The company increased its assets under management by almost 60 per cent to over US$2.3 billion in the last calendar year. The number of Moonfare investors grew by 40 per cent to 3,393, and the community of registered users more than doubled to over 48,000 in this period.
It recently increased the funds offered on its platform from 40 to 69 and entered into two new asset classes, Impact and Philanthropy.
Headquartered in Berlin, Moonfare operates in 25 countries across Europe, Asia, and America and has offices in New York, Hong Kong, London, Zürich, Singapore, Paris and Luxembourg.
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