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Putting Private Clients Into Wider Investments Game
Tom Burroughes
12 March 2024
A group of former wealth and financial technology executives have teamed up to bridge a gap between the world of private wealth and institutional wealth management. Launched last September with more than $8 million in equity investment from venture capital and angel investors, the “bridge” is called has built a digital family office platform for all qualified investors in the US.) "As a new generation of high net worth individuals emerges, we are building the financial products and technological infrastructure the wealth management industry needs to serve them," says Alexis Augier, founder and CEO of Vega. "Our goal is to provide a unified wealth management platform that transforms the experience for end users while equipping advisors with institutional-grade solutions." Backers and founders Asked if Vega is mulling more fundraising, Augier said the business has raised enough capital to grow over the next couple of years but he does not dismiss the idea of raising more capital later on. The moniker “Vega” comes from one of the “brightest stars” in the sky; the term is also an important concept in financial derivatives, Augier added.
Vega's founding team consists of figures at investment firms such as Elliott, Blackstone, KKR, and Goldman Sachs, along with product and engineering specialists from fintechs such as Revolut and Trade Republic. The firm is backed by Motive Ventures, Picus Capital, Citi Ventures, No Label Ventures, and over 60 angel investors.