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WealthTech Vega exits stealth with over $8m funding

By Gloria Methri

September 28, 2023

  • Asset Management
  • Citi Ventures
  • Digital Wealth Management Platform

Vega, WealthTech, UKVega, a UK-based WealthTech platform has launched with over $8 million in equity investment from leading venture capital firms and angel investors.

“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,” said 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.”

With Vega, users can invest across the asset allocation spectrum and build diversified portfolios covering both private asset classes such as private equity, venture capital, private credit, and real assets as well as public equities, fixed income, and commodities.

Unlike legacy platforms focused on single-fund access, Vega leverages technology to construct diversified portfolios that combine multiple alternative asset managers. This allows users to invest in private markets in an optimal way while complementing their exposure with public asset classes, all on a single platform.

Beyond investment products, Vega is also building a wide range of liquidity and financial planning solutions. These will help wealth advisors and their clients unlock liquidity from — and optimise the management of — complex financial assets.

Vega is backed by Motive Ventures, Picus Capital, Citi Ventures, No Label Ventures, and over 60 angel investors. These include senior partners from investment firms such as KKR, Blackstone, and Permira along with FinTech executives with leadership experience at N26, Trade Republic, and Klarna.

“The world’s top institutions grow their capital by investing in high-quality products, financing those investments efficiently, and planning for the long term. After years of siloed innovation, we believe the private wealth space is entering a ‘rebundling’ phase, and Vega is well positioned to bring these successful wealth-creation methods to a broader audience via their technology platform,” said Ramin Niroumand, Head of Motive Ventures.

“Having backed Vega since inception, we are impressed by what the team has built to open up previously inaccessible product categories to individual investors. By combining financial expertise with technology, Vega is truly leveling the playing field in wealth management,” said Robin Godenrath, Managing Director and Founding Partner at Picus Capital.

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