Hedonova Invests $2 million in UpMarket’s Online Investment Platform for Private Investors
Hedonova, a Paris-based hedge fund, has recently announced an investment in UpMarket, a seed-stage company operating an online investment platform for private investors. A strategic investment through its venture capital arm, Hedonova has invested $2 million at a post-money valuation of $20 million in UpMarket.
UpMarket’s platform provides investors access to pre-IPO companies, hedge funds, private equity, and other alternative assets beyond the stock market, enabling them to diversify their portfolios beyond the stock markets while providing transparency and control over their investments.
Individual investors can now access alternative assets that were previously unreachable thanks to UpMarket’s cutting-edge platform, enabling them to create a more diversified investment portfolio. Hedonova’s Chief Investment Officer, Suman Bannerjee, expressed his excitement about partnering with UpMarket and its potential to empower individual investors.
According to Suman, UpMarket’s track record of spotting high-potential investment opportunities, dedication to giving investors transparency and control over their investments, and emphasis on utilizing technology to improve the investment experience were the main factors in Hedonova’s decision to invest in UpMarket. The advantage of UpMarket’s platform is its focus on democratizing investing by granting individual investors access to the same types of alternative investments that have historically been available only to the wealthiest investors.
Grace Chen, the founder of UpMarket, said “Hedonova shares UpMarket’s vision to make alternative assets more accessible for all investors. We’re excited to partner with an investor that shares our passion and focus. This investment will help our team build on our momentum following a strong 2022, where we saw our transaction volume surpass $125 million and we added hundreds of new investors to the platform.”.
The partnership between Hedonova and UpMarket demonstrates the growing significance of alternative investments in the financial sector and the demand for creative investment solutions that make use of technology to improve the investing experience.
For more information on Hedonova’s investment in UpMarket, please contact us below.
Company Name: Hedonova
Contact Person: Ameer Esen
Email: Send Email
Country: United States