The financial technology sector continues to attract investment as 73 Strings, a Paris-based AI-powered financial intelligence platform, raised $55 million in a Series B funding round. The platform focuses on enhancing data extraction, monitoring, and valuation processes for private capital markets. With increasing complexity in alternative asset management, firms are seeking advanced technologies to optimize decision-making and improve efficiency. 73 Strings aims to address these needs by leveraging AI-driven analytics and automation. The latest funding round brings in new investors and reinforces confidence in the company’s growth and technological capabilities.
Previously, 73 Strings has seen steady growth, securing earlier funding to develop AI-driven financial solutions tailored to asset managers. Over time, the company’s platform has expanded its capabilities, integrating more advanced analytics and predictive modeling. Compared to past investments, the latest funding round marks a significant increase, highlighting the growing reliance on AI in financial intelligence. The firm’s previous investors, including Blackstone Innovations Investments, have reaffirmed their confidence by participating again, indicating sustained momentum in its technological advancements and market adoption.
Who led the funding and what is the investment aim?
The Series B round was led by Goldman Sachs (NYSE:GS) Alternatives’ Growth Equity, with continued support from existing investor Blackstone Innovations Investments. Additionally, new investors such as Golub Capital, Hamilton Lane, and Broadhaven Ventures participated. The financial backing is intended to strengthen 73 Strings’ AI-driven solutions and expand its capabilities in valuations, data-driven decision-making, and portfolio monitoring. The company plans to integrate Large Language Models (LLMs) to enhance data analysis and provide more actionable insights for private capital firms.
Jade Mandel, an investor at Goldman Sachs Alternatives’ Growth Equity, stated, “73 Strings’ intelligence platform is designed to help Alternative Asset Managers adapt to the increasing complexity of private markets investing.”
How will 73 Strings utilize AI for private capital markets?
The company aims to optimize financial intelligence by leveraging machine learning and automation. Its platform focuses on benchmarking, predictive analytics, portfolio simulations, and advanced dashboards. These features enable asset managers to assess financial trends, perform sensitivity analysis, and monitor investments more efficiently. The integration of AI aims to streamline workflows and improve transparency in asset valuations, catering to the increasing demands of private capital markets.
Abhishek Pandey, co-founder and Deputy CEO, stated, “This investment accelerates our mission to push the boundaries of what’s possible, delivering next-generation solutions that bring unrivaled intelligence, efficiency, and innovation to the private capital markets.”
73 Strings operates globally, with offices in cities such as New York, London, Toronto, Bengaluru, and Riyadh. The company serves private equity, growth equity, venture capital, infrastructure, and private credit firms, managing data for asset managers overseeing over $9 trillion in assets. Utilizing AI, the platform seeks to enhance data structuring and valuation accuracy while reducing manual processes.
The latest funding reinforces the growing role of AI in financial intelligence, as firms look for scalable solutions to handle vast amounts of data in private markets. Investors recognize the necessity for financial tools that improve asset transparency and decision-making. This trend indicates a broader industry shift toward automation and analytics-driven investment management. As 73 Strings expands its platform, competition among financial intelligence providers is expected to intensify, with firms differentiating through AI capabilities and data precision.
