Helix by HL – an innovative generative AI assistant revolutionizing private market investing – recently announced the successful completion of its Seed+ funding round with a raise of $6 million at a post-money valuation of $26 million. The funding round was led by FINTOP Capital, a prominent venture capital firm known for its strategic investments in cutting-edge financial technology.
Helix – which was originally announced in June 2023 – is a joint venture between TIFIN (a leading AI platform for wealth) and Hamilton Lane (a globally renowned private markets investment manager). And the private markets-focused platform (powered by Hamilton Lane’s proprietary data and industry expertise) aims to simplify alternative investing and empower wealth advisors with the tools and insights needed to navigate this complex asset class. Plus, Helix was designed for future integration within wealth platforms and digital marketplaces used by advisors and investors seeking allocations to the private markets.
This funding round represents a significant milestone for TIFIN’s TIFIN.AI initiative – which co-develops new AI platforms with leading financial services firms to enhance its partners’ capabilities and impact in the rapidly evolving landscape of AI-powered wealth technology.
FINTOP Capital (the lead investor in the round) has a strong track record of supporting innovative fintech companies. And this investment is also part of JAM FINTOP’s strategy to help banks enhance their wealth management offerings by democratizing access to alternative assets.
This strategic investment in Helix underscores the potential they see in the platform to redefine this space. And the funds raised are expected to accelerate product development, enhance platform features, and expand Helix’s market presence.
KEY QUOTES:
“We are thrilled to announce the addition of FINTOP to our capital partners and look forward to their contribution towards our goal of making Helix a must-have for all users of private investments. This investment is a testament to our vision to bring cutting-edge AI technology to the world of wealth.”
– Dr. Vinay Nair, Founder and CEO of TIFIN
“We are pleased to partner again with FINTOP, as we share a common objective: driving technological innovation and broadening access within the private markets. As a firm, we believe that data-driven decision-making can help deliver superior investment results for investors around the world. Through the creation and application of Helix by HL, we aim to empower the growing set of wealth managers and other private wealth professionals allocating to the private markets.”
– Griff Norville, Managing Director and Head of Technology Solutions at Hamilton Lane
“We are thrilled to be partnering with TIFIN and Hamilton Lane in the launch of Helix by HL. FINTOP has a long history and successful track record in private markets technology and this is a natural fit for us.”
– FINTOP Capital Managing Partner Rick Kushel
