Private asset platform GXE raises $3.3m in Series A to expand operations
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The news: GXE, an all-in-one platform for managing private assets, has closed a $3.3 million Series A round to expand its software capabilities and support a growing client base.
The round was led by US-based Second Century Ventures, Archangel Ventures and Australian Medical Angels, the company said in a statement. This brings GXE’s total funding to $5.3 million across three rounds.
The context: Founded in 2020 by Ed Hooper and Andrew Armstrong, who previously co-founded Omny Studio, GXE supports thousands of investors across more than 250 funds and special purpose vehicles, the company said. Clients include MA Financial, Nash Capital, Westpac-backed Reinventure and Glitch Capital.
According to the company, the funds will support software development and operational staffing.
What they said: “When I was an angel investor making small investments into various start-ups and funds… it became clear that modern fund managers didn’t have great tools to manage admin, reporting, tax, and compliance,” Hooper said.
“GXE is a platform that brings all of those things together, to make managing investments in private assets simpler and smarter.”
The source: Media release
