Moonfare, a global digital private equity investment platform, sees demand in extended Series C round at record valuation.
Moonfare has capped the extension of its Series C financing round at about $15 million. This brings the total capital raised in the Series C funding round to over $130 million, the firm said in a statement.
According to Insight Partners’ investment in November 2021, Vitruvian Partners and Swiss private bank Bordier & Cie became Moonfare shareholders in March 2022. With the extension of the Series C financing round, Moonfare said it welcomes 7 Global Capital as an additional institutional investor. 7GC is a cross-border venture capital firm investing in capital-efficient internet and consumer technology companies. Previous investments include Jackpocket, Roofstock, Jio, Hims & Hers and more, the firm said in a statement.
CEO and Moonfare founder Steffen Pauls added: “We’re excited by this investment, particularly considering valuations of the most valuable VC-backed companies have fallen by half over the past few months.”
He 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.”
Moonfare said it makes it possible for qualified individual investors to invest in private equity and venture capital funds from firms like KKR, Carlyle, EQT and Insight Partners at low minimums and via a fast and user-friendly digital experience.