By helping financial institutions connect their clients to private investment opportunities, Delio brings in $8.3 million

Cardiff-based startup Delio has secured an additional $8.3 million in a funding round led by Octopus Ventures. The company provides financial institutions with a white-label solution designed to facilitate investors’ access to alternative assets, including private equity, private debt and real estate. The round saw the participation of early backers Maven Capital Partners, and now brings total startup funding to $15.5 million.

As we have seen during the pandemic, weary investors have increasingly turned to alternative assets to protect their wealth. While these investments are on the tip of investors’ tongues, financial institutions have traditionally struggled to offer illiquid investment opportunities, especially in a timely, transparent and compliant manner.

With the appetite for private equity alone reaching a market size of $6 trillion and recent changes to US and EU regulations on who has access to certain alternative assets, the writing is on the wall for financial institutions, whether they are jumping into the game or prepared to retire to the bench.

Keeping these players on the pitch is exactly Delio’s goal. Offering an end-to-end digitized solution for the private investment cycle, the startup now supports private markets platforms for more than 90 financial institutions, including Barclays, ING, UBS and Sumitomo Mitsui Trust Bank, and has over $26 billion in investment opportunities available.

“There is a lot of noise around how institutions are overcoming traditional barriers to private markets. We’ve taken a different approach, creating white-label technology that acts as digital building blocks on which companies can scale their propositions,” says Managing Director and Co-Founder Gareth Lewis.

The new funds are intended to help the startup flesh out its international operations and lay the groundwork for a network that aims to connect capital raisers, financial institutions and investors and share an institution’s investment opportunities. to the other.

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