AI-Powered Alternative Investments Assistant Helix by HL Secures $6M Seed+ Funding Led by FINTOP Capital

Rhea-AI Summary

TIFIN's joint venture with Hamilton Lane, Helix by HL, successfully completed a $6 million Seed+ funding round at a post-money valuation of $26 million. The round was led by FINTOP Capital, aiming to revolutionize private market investing with an AI assistant, designed to simplify alternative investing and empower wealth advisors.

Positive

• Successful completion of a $6 million Seed+ funding round at a post-money valuation of $26 million
• Partnership with FINTOP Capital, known for strategic investments in financial technology
• Empower wealth advisors with tools and insights for private market investing

Negative

• Potential risk associated with accelerated product development and market expansion

The joint venture between TIFIN and Hamilton Lane, launched in June 2023, provides an AI assistant that allows advisors and investors to navigate the private markets with more confidence

BOULDER, Colo. and NEW YORK and CONSHOHOCKEN, Pa., Dec. 7, 2023 /PRNewswire/ -- Helix by HL, the innovative generative AI assistant revolutionizing private market investing, announced today the successful completion of its Seed+ funding round with a raise of $6 million at a post-money valuation of $26 million. The round was led by FINTOP Capital, a prominent venture capital firm known for its strategic investments in cutting-edge financial technology.

Helix, originally announced in June 2023, is a joint venture between TIFIN, the leading AI platform for wealth, and Hamilton Lane, a globally renowned private markets investment manager. The private markets-focused platform, powered by Hamilton Lane's proprietary data and industry expertise, aims to simplify alternative investing and empower wealth advisors with the tools and insights needed to navigate this complex asset class. Helix is designed for future integration within wealth platforms and digital marketplaces used by advisors and investors seeking allocations to the private markets.

The funding round represents a significant milestone for TIFIN's TIFIN.AI initiative, which co-develops new AI platforms with leading financial services firms to enhance its partners' capabilities and impact in the rapidly evolving landscape of AI-powered wealth technology.

"We are thrilled to announce the addition of FINTOP to our capital partners and look forward to their contribution towards our goal of making Helix a must-have for all users of private investments," said Dr. Vinay Nair, Founder and CEO of TIFIN. "This investment is a testament to our vision to bring cutting-edge AI technology to the world of wealth." 

"We are pleased to partner again with FINTOP, as we share a common objective: driving technological innovation and broadening access within the private markets," said Griff Norville, Managing Director and Head of Technology Solutions at Hamilton Lane. "As a firm, we believe that data-driven decision-making can help deliver superior investment results for investors around the world. Through the creation and application of Helix by HL, we aim to empower the growing set of wealth managers and other private wealth professionals allocating to the private markets."

FINTOP Capital, the lead investor in the round, has a strong track record of supporting innovative fintech companies. This investment is also part of JAM FINTOP's strategy to help banks enhance their wealth management offerings by democratizing access to alternative assets. Their strategic investment in Helix underscores the potential they see in the platform to redefine this space. The funds raised are expected to accelerate product development, enhance platform features, and expand Helix's market presence.

"We are thrilled to be partnering with TIFIN and Hamilton Lane in the launch of Helix by HL. FINTOP has a long history and successful track record in private markets technology and this is a natural fit for us," said FINTOP Capital Managing Partner Rick Kushel.

For more information about Helix by HL and its innovative AI-driven platform, please visit https://helixbyhl.com/.

About Helix by HL

Helix by HL is the first-of-its-kind generative AI assistant for the private markets industry and is set to redefine the landscape of alternative investment innovation. It combines TIFIN's technological expertise with Hamilton Lane's industry-leading database that draws on more than $16.7 trillion in private market commitments across 51 vintage years, along with an expansive library of expert, research-based market analysis, as of September 30, 2023. Helix provides data-centric information around private markets benchmarking, forecasting, and diligence and will help educate private wealth investors and their intermediaries on the asset class and current trends within the private markets. 

About TIFIN

TIFIN is an AI and innovation platform for better wealth outcomes. Founded by Dr. Vinay Nair, TIFIN creates and operates new companies that apply data science, AI, and technology to address frictions in wealth and asset management. TIFIN's companies have included 55ip (sold to JP Morgan) and currently include Magnifi, TIFIN Wealth, TIFIN AMP, TIFIN Give, Paralel, Sage, Helix by HL, TIFIN@Work, and TIFIN India. TIFIN has been backed by JP Morgan, Morningstar, Hamilton Lane, Franklin Templeton, Motive Partners, and Broadridge among others.

About Hamilton Lane
Hamilton Lane (Nasdaq: HLNE) is one of the largest private markets investment firms globally, providing innovative solutions to institutional and private wealth investors around the world. Dedicated exclusively to private markets investing for more than 30 years, the firm currently employs nearly 700 professionals operating in offices throughout North America, Europe, Asia Pacific, and the Middle East, as of September 30, 2023. Hamilton Lane has $854 billion in assets under management and supervision, composed of over $119 billion in discretionary assets and nearly $735 billion in non-discretionary assets, as of September 30, 2023. Hamilton Lane specializes in building flexible investment programs that provide clients access to the full spectrum of private markets strategies, sectors and geographies. For more information, please visit www.hamiltonlane.com or follow Hamilton Lane on LinkedIn: https://www.linkedin.com/company/hamilton-lane/.

About FINTOP Capital
FINTOP Capital is a venture capital firm focused on early-stage FinTech companies. With over $700 million in committed capital across five funds, FINTOP brings decades of FinTech founding and operating experience to the boardroom, partnering with innovative entrepreneurs to push the frontiers of the financial services sector.

For media inquiries, please contact:
Michael Walsh
michael@therudingroup.com

The information contained herein should in no way be construed or interpreted as a solicitation to sell or offer to sell advisory services. All content is for informational purposes only.

Forward-Looking Statements

Some of the statements in this release may constitute "forward-looking statements" within the meaning of Section 27A of the Securities Act of 1933, Section 21E of the Securities Exchange Act of 1934 and the Private Securities Litigation Reform Act of 1995. Words such as "will", "expect", "believe", "estimate", "continue", "anticipate", "intend", "plan" and similar expressions are intended to identify these forward-looking statements. Forward-looking statements discuss management's current expectations and projections relating to our financial position, results of operations, plans, objectives, future performance and business. All forward-looking statements are subject to known and unknown risks, uncertainties and other important factors that may cause actual results to be materially different. You should evaluate all forward-looking statements in the context of the risks and uncertainties disclosed under the heading "Risk Factors" in Part I, Item 1A of Hamilton Lane's Annual Report on Form 10-K for the fiscal year ended March 31, 2023 and subsequent reports filed from time to time with the Securities and Exchange Commission. The forward-looking statements included in this release are made only as of the date hereof. Hamilton Lane undertakes no obligation to update or revise any forward-looking statement as a result of new information or future events, except as otherwise required by law.

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SOURCE TIFIN

FAQ

What is the name of TIFIN's joint venture with Hamilton Lane and what is its ticker symbol?

The joint venture is named Helix by HL and there is no ticker symbol available for it yet.

What is the purpose of the joint venture between TIFIN and Hamilton Lane?

The purpose is to provide an AI assistant that allows advisors and investors to navigate the private markets with more confidence.

Who led the recent funding round for Helix by HL?

The recent funding round was led by FINTOP Capital, a prominent venture capital firm known for its strategic investments in cutting-edge financial technology.

What is the post-money valuation of the recent funding round for Helix by HL?

The recent funding round resulted in a post-money valuation of $26 million for Helix by HL.

What is the aim of Helix by HL?

The aim is to simplify alternative investing and empower wealth advisors with the tools and insights needed to navigate the private markets.

What is the role of TIFIN in the joint venture with Hamilton Lane?

TIFIN is the leading AI platform for wealth and co-develops new AI platforms with leading financial services firms to enhance its partners' capabilities and impact in the rapidly evolving landscape of AI-powered wealth technology.

Who is the CEO of TIFIN?

The CEO of TIFIN is Dr. Vinay Nair.

What is FINTOP Capital's strategy in investing in Helix by HL?

FINTOP Capital aims to help banks enhance their wealth management offerings by democratizing access to alternative assets through their investment in Helix by HL.

What is the expected use of the funds raised in the recent funding round for Helix by HL?

The funds raised are expected to accelerate product development, enhance platform features, and expand Helix's market presence.