Insight Partners leads USD 125m Series C for Moonfare

Fidelity International Strategic Ventures also participated in the funding round. Fidelity led Moonfare's last financing round in March of this year, and has entered into an exclusive distribution partnership with Moonfare.

Moonfare said it would use the funding to continue to develop innovative investment products and accelerate its international expansion. The company has raised USD 185m in funding to date.

In 2019, Unquote reported that Moonfare had raised USD 28m from private investors. These included ProSiebenSat.1 Media SE's former CEO, Thomas Ebeling, former KKR partner Henrik Kraft and ex-BC Partners chair Jens Reidel.

The number of households with more than USD 1m to invest exceeded 20 million households in 2021, representing USD 80trn in assets, according to Cap Gemini World Wealth Report 2021, cited by Moonfare. The firm added that individual investors "continue to be significantly under-exposed" to private capital strategies, as access has been limited by "high minimum investment requirements, regulatory restrictions, and administrative burdens".

Company
Moonfare offers individual investors access to select private market funds. In September, Moonfare exceeded EUR 1bn in assets under management, doubling its assets in the space of eight months, according to a statement. 

Moonfare also offers a digital secondary market that allows investors to sell their existing stakes, with the aim of bringing liquidity to a traditionally illiquid asset class.

Moonfare already operates in 13 countries across Europe and Asia, and has offices in Berlin, Hong Kong, London and Luxembourg, with more to open soon. The company plans to double the size of its global team with 80 full-time employees in the tech and product departments alone.

People
Moonfare – Steffen Pauls (founder, CEO).

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