Cryptocurrency Thiefs Sentence Doubled To 12 Years
Nicholas Truglia, the mastermind behind a cryptocurrency scheme that stole $22 million from …
10. July 2025
Fintech Giant Icapital Secures Record 820 Million Funding Round Valuing It At 75 Billion
In a significant development for the fintech industry, Alt Investment Platform iCapital has raised an impressive $820 million in a funding round that values the company at over $7.5 billion. Founded in 2013, iCapital has been steadily growing its presence in the alternative investments and investors market.
The latest financing round, led by SurgoCap Partners and accounts advised by T. Rowe Price Associates and T. Rowe Price Investment Management, demonstrates the growing interest in fintech companies that are pushing the boundaries of wealth management and asset investment. Existing backers Temasek, UBS, and BNY also participated in the round, further underscoring the support for iCapital’s ambitious plans.
Since its last funding round in 2021, when it raised $50 million led by WestCap, taking its valuation to over $6 billion, iCapital’s valuation has grown significantly. The company’s current total funding stands at over $1.5 billion, a testament to its growing reputation as a leading player in the alternative investments and investors market.
According to the company, it plans to use the funds to drive strategic acquisitions, expand geographically, and further invest in its technology. This strategy is not surprising, given iCapital’s existing track record of buying over 23 companies, including AltExchange and Parallel Markets.
iCapital has a large team of 1,875 employees across 16 global offices, with operations spanning multiple regions. The company services $945 billion worth of assets globally on its platform, which it claims provides an “unified” interface for onboarding, document workflows, performance data, and regulatory compliance. This unified approach aims to make investing in private markets, structured investments, and annuities easier and more accessible for wealth managers.
For asset managers, iCapital offers a digital marketplace, data management, AI-powered services, tools, sales distribution support, and reporting. The company’s platform is designed to help investors navigate the complexities of alternative investments, providing a range of services that cater to their needs.
The funding announcement comes at a time when investment in financial services industry categories has been holding up robust levels in recent quarters. In particular, wealthtech has been attracting significant attention from investors. Recent examples include Savvy Wealth’s $72 million Series B and Altruist’s $152 million Series F, which valued the company at $1.9 billion.
The growth of wealthtech and fintech companies like iCapital reflects the increasing demand for digital solutions that can help individuals and institutional investors navigate the complex world of alternative investments. As such, it is likely that we will see continued investment in these areas as the industry continues to evolve.
A significant partnership between The Bank of New York Mellon Corp. and iCapital highlights the growing importance of fintech companies like iCapital in supporting the traditional financial services sector. By leveraging its expertise in alternative investments, iCapital can help institutions like BNY Mellon expand their capabilities and stay competitive in a rapidly changing market.
As iCapital looks ahead, it is poised to capitalize on the growing demand for alternative investments and investors services. The company’s plans to further develop its digital marketplace, data management, AI-powered services, and tools are likely to have a significant impact on the industry, making alternative investments more accessible and efficient for wealth managers and asset managers alike.
With $7.5 billion in valuation, iCapital is now firmly established as one of the leading players in the fintech space. The company’s unified platform, robust technology, and experienced team position it to drive innovation and growth in the industry.