TomNext, a London-based company building an intelligence and infrastructure layer for limited partners in private markets, has raised new funding led by Panghea Capital Partners, with participation from Consello, Blizzard, the Avalanche Fund, Altea Partners, and additional strategic backers and angel investors spanning wealth management, fintech, and digital assets.
The financing arrives as TomNext emerges from stealth and begins a closed beta with a select group of family offices, wealth advisors, and private market investors. The company is positioning its platform as a way for allocators to manage rising deal flow with less friction, targeting long-standing workflow challenges that can slow capital deployment.
TomNext is aimed at investors commonly referred to as limited partners, including wealth managers and family offices, who often juggle large volumes of deal documents and unstructured information across private equity, private credit, venture, and real assets. The company says these workflows are frequently fragmented across tools and teams, creating gaps in diligence, inconsistent reporting, and operational complexity that strains lean investment staff.
Its platform uses institutional-grade AI to structure deal collateral, streamline diligence, and improve visibility across portfolios and pipelines in a single secure workspace. TomNext also said it plans to expand its product capabilities early next year by adding digital execution and orchestration supported by tokenization, an approach it believes can help modernize transaction processes alongside analysis and decision support.
The company described its opportunity as tied to structural inefficiencies across a $22 trillion alternative assets ecosystem, where growth in allocations has outpaced the modernization of the operational layer used to evaluate and execute investments. With the new investment, TomNext plans to continue product development and broaden access to its closed beta as it validates its approach with early users.
KEY QUOTES:
“Private market investing has scaled massively, but the workflows most LPs rely on have not. They’re manual, fragmented and opaque and they slow down decision-making at the exact moment investors need clarity and speed. TomNext is built to change that. This funding allows us to bring institutional-grade intelligence to every LP, not just those with large teams, and our beta is the first step in proving how we can help bring emerging technology to speed up and improve the quality of decision making.”
Itay Tuchman, CEO & Co-Founder at TomNext
“We backed TomNext because the industry is long overdue for an LP-first platform. Wealth managers and family offices are drowning in documents, data gaps and operational risk. TomNext’s vision in both its AI approach and its tokenized transaction-layer vision has the potential to become critical infrastructure for alternative-asset allocators globally.”
Fernando Lopez Munoz, CEO, Panghea Capital Partners
