Gridline, a turnkey alternatives management platform for advisory firms managing private market investments, has raised $18.5 million in Series A funding led by FINTOP. The company said the capital will be used to accelerate its effort to replace fragmented systems and manual workflows with a single integrated platform built for the operational demands of private market investing in the wealth channel.
As private-market allocations become more common in advisory portfolios, Gridline is positioning its software as infrastructure for firms that still rely on disconnected tools such as spreadsheets, PDFs, and separate portals. The company’s platform is designed to support the full private markets operating lifecycle, including diligence, onboarding, execution, oversight, administration, and reporting, with the stated goal of improving consistency, transparency, and control while reducing operational risk.
Gridline also cited customer-reported efficiency gains, including up to a 90% reduction in time spent on manual reconciliation and an estimated 10 to 30 hours saved per investment on diligence-related work and monitoring. The company said the new funding will support continued product development and team expansion across engineering, go-to-market, operations, and fund administration.
A first area of planned innovation is AltComply, Gridline’s AI-powered diligence capability. The company said AltComply is designed to automate document ingestion, standardize analysis, and surface key risks to help firms evaluate private investments more efficiently and consistently.
KEY QUOTES
“There’s no shortage of tools in this space, but most solve only a narrow slice of the problem. We built Gridline as an end-to-end platform advisors can rely on to run private market programs with confidence and consistency. By owning the underlying data infrastructure, we keep information standardized, up-to-date, and actionable, so firms have accurate insights in one place, exactly when they need them. That foundation delivers the intelligence, control, and reliability advisors have been missing in private markets.”
Logan Henderson, Co-Founder and Chief Executive Officer, Gridline
“It’s surprising no one had fixed how painful it was to manage investor relationships and fund operations, especially with efficiency being so important to clients. Gridline filled the gap everyone else danced around. Now I can focus on strategy and portfolio design, not chasing documents or cleaning up reporting.”
Larry Cummings, Partner, GENCapital Advisory Partners
“Across wealth management and private banking, firms are constantly challenged to deliver best-in-class private market solutions at scale. Yet there had not been a platform purpose-built to facilitate these workflows with the control and consistency required until Gridline. Gridline is solving a foundational problem for the 22 trillion dollar industry and we’re excited to support their next phase of growth.”
Rick Kushel, Managing Partner, FINTOP
