Series B Round

Allocate is an AI-driven private markets platform that helps wealth advisors and family offices build and manage high-quality, personalized private-market portfolios. The recent funding will be utilized to enhance their technology and expand their market presence. This funding round marks a significant milestone for Allocate, bringing their total capital raised since inception to $64 million. The investment will support the development of advanced AI algorithms and improve user experience on the platform, positioning Allocate as a leader in the private markets sector. The funding will also enable Allocate to explore strategic partnerships and expand its product offerings to better serve its clients. The company aims to leverage this investment to innovate its platform further and enhance its competitive edge in the rapidly evolving financial technology landscape. The Series B round was led by Portage Invest, a prominent venture capital firm known for investing in fintech and technology-driven companies. Other notable investors in this round include Andreessen Horowitz and Fika Ventures, which further solidifies Allocate's position in the competitive fintech landscape.