Asseta AI has raised a $4.2 million seed round co-led by Nyca Partners and Motive Partners, marking a significant step forward in the company’s mission to modernize financial infrastructure for family offices. The New York-based startup, founded in 2023, has quickly gained traction among wealth management organizations seeking purpose-built systems that can handle the growing complexity of multi-entity portfolios.
The company now manages more than $10 billion in assets and has reported strong year-over-year growth in annual recurring revenue. Adoption has been particularly robust among larger family offices, with nearly one-third overseeing more than $1 billion in assets. This momentum reflects the broader market shift as wealth transfer accelerates and ultra-high-net-worth families seek more sophisticated accounting, reporting, and data governance tools.
Proceeds from the seed round will be directed toward expanding Asseta AI’s product roadmap and enlarging its engineering and customer success teams. The company is preparing to roll out new applications designed to strengthen forecasting, planning, and performance insights. These enhancements will build on The Intelligent Family Office Suite, Asseta AI’s platform, which centralizes multi-entity accounting and improves financial visibility across the entire family office structure.
Asseta AI aims to replace legacy systems and fragmented spreadsheets with an integrated, institutional-grade platform that scales with the needs of modern wealth enterprises. As the market continues to shift toward higher complexity, the company plans to introduce more advanced modules that help family offices operate with greater precision, adaptability, and efficiency.
The company’s focus on intelligent financial architecture has resonated with investors who see increasing demand for purpose-built technology in wealth management. Family offices, long underserved by enterprise systems, are facing a new era defined by data challenges, operational sophistication, and the need for deeper real-time insight. Asseta AI’s platform is positioned to address these requirements as the sector continues to expand.
KEY QUOTES:
“The wealth-transfer wave and the proliferation of ultra-high-net-worth families today means family offices must operate with the rigor of a public company and the agility of a startup. Yet the infrastructure hasn’t caught up. Asseta AI’s purpose-built architecture closes that gap. With this new funding, we’re looking forward to expanding our engineering and customer success to move beyond the core general ledger and deliver more advanced modules that give family offices the flexibility and control they deserve.”
Dean Palmiter, Co-founder and CEO of Asseta AI
“Our goal has always been to build an intelligent platform that evolves with our clients. This funding enables us to accelerate development of new modules and strengthen the core architecture, ensuring family offices have a scalable system that adapts to their growing complexity and data needs.”
Daniel Kennedy, Co-founder and Chief Technology Officer at Asseta AI
“Asseta AI leverages the significant progress in horizontal AI infrastructure to deliver a best-in-class vertical product. Family offices have long been left behind by legacy systems, even as their operational needs have grown more complex. We believe Asseta AI represents the next era of family-office infrastructure, delivering a core system that supports multiple entities, complex capital structures, and true visibility. The company’s vision and execution perfectly aligns with Motive Partners’ mission to drive innovation and reshape the future of finance.”
Harsh Govil, Partner, Ventures at Motive Partners
“At Nyca, one of our core investing theses is around ‘Finding the Efficient Frontier between Man and Machine.’ This next frontier within wealth management lies in the intelligent orchestration of financial data that will enable precise and automated next best actions. Asseta AI exemplifies that vision by bringing institutional-grade technology and AI capabilities to the family office ecosystem, a space that’s long been underserved by innovation. We’re thrilled to support Dean and the Asseta team as they redefine how the modern family office will operate.”
Jasleen Kaur, Partner at Nyca Partners
