Newfund is a $300M entrepreneurial VC firm dedicated to pre-seed and seed investments in France and North America, in companies driving global change. The company is always looking for founders who are driven to realize a vision that will significantly alter the world in which we live. In order to appreciate what entrepreneurs are creating and utilize their strengths, Newfund aims to comprehend entrepreneurs as unique individuals.

Newfund

Credit Agricole is a universal banking corporation active with focuses on corporate and investment banking, retail banking, insurance, consumer finance and savings management. Crédit Agricole Group is serving 54 million customers (Individuals, farmers, small businesses, local authorities, institutions, corporates) across 46 countries Crédit Agricole is : - Number 1 provider of financing to the French economy (Internal source: ECO 2023) - Number 1 European asset manager with its subsidiary Amundi (Source: IPE “Top 500 Asset Managers”, June 2023) - Number 1 insurer in France (Source: L’Argus de l’assurance, 13 December 2023 - data at end-2022) - Number 1 retail bank in the European Union based on number of customers - 9th largest global bank by balance sheet size (Source: The Banker 2024) Crédit Agricole Group supports its customers in their plans and projects in France and around the world, through its operations in all segments of the market including insurance, real estate, payment systems, asset management, leasing and factoring, consumer finance, and corporate and investment banking.  Crédit Agricole also stands out for its dynamic, innovative corporate social responsibility policy serving the economy. This policy is based on a pragmatic approach that permeates throughout the entire Group and engages all its employees. Its recent inclusion in the Vigeo-NYSE Euronext extra-financial indices is recognition of this engagement.

Crédit Agricole

A major player in personal insurance present in all territories, AG2R LA MONDIALE insures individuals, companies and professional sectors, in an approach that is both individual and collective. We provide each of our clients and their families with personalized solutions at the fairest price to protect their health, secure their income and assets, protect them against life's accidents and prepare for their retirement. A partnership with joint and mutualist governance, AG2R LA MONDIALE cultivates a unique social and asset protection model that closely combines solidarity and performance. We devote more than 100 million euros a year to helping vulnerable people and supporting, in all regions, collective initiatives in the field of housing, health prevention and assistance to caregivers.

AG2R La Mondiale

The APICIL Group, the 4th largest French social protection group with a  turnover of € 2.4 billion, offers a full range of high-performance and tailored solutions in health and personal protection , savings and financial services as well as retirement for individuals and professionals.  Every day, the Group's 2,144 employees bring their expertise to the more than 46,000 companies and 2.2 million protected policyholders.

APICIL Group

Mandalore Partners, specializes in Corporate Venture Capital-as-a-service. As an asset builder for corporations and mid-sized companies, we de-risk innovation with strategic and impact investments by sourcing, investing, and partnering in innovative technology companies fitting our partners’ venture programs.  Mandalore helps customers source startups that are utilising innovative technologies to access new alternative asset classes. We enable investors to invest in direct equity investments, as well as to co-create alternative funds. Mandalore thereby provides access to new pools of assets being created to support emerging businesses. Examples include covered bonds, insurance-linked securities, and private debt, among others.  Besides investing, Mandalore also co-develops build-up strategies with portfolio companies to accelerate their scalability and to create business synergies for tech integrations and consolidations. Founded in 2019, Mandalore works with insurance companies, institutional investors, and fund managers to invest at scale in real and alternative assets, with strong technology expertise and exposure to startups seeking to disrupt traditional players in Fintech, Insurtech, Proptech, Wealthtech, and Impact Finance. Mandalore has offices in Paris, London, and Luxembourg.

Mandalore Partners

13Books Capital provides and offers financial assistance and support to various companies. It manages investment processes and financial services of business. 13Books Capital  is based in London, UK.

13books Capital

Crédit Agricole CIB specialises in the businesses of capital markets and investment and corporate banking.

Credit Agricole CIB

Fidelity International Strategic Ventures invests in fintech businesses and technologies. FISV's team seeks to partner with visionary entrepreneurs that are redefining Wealth and Asset Management. It invests in category leaders that can create new markets, enhance portfolio returns or disrupt traditional processes.

Fidelity International Strategic Ventures

Ramify

Ramify is a wealth management platform that provides ETF, SCPI, and private equity recommendations, management, and selection. Ramify also enables users to manage their investments. Ramify is headquartered in Paris and was founded in 2020.

Paris-based Ramify is a hybrid robo-advisory and wealth management platform that offers a wide range of investment offerings, including managed portfolios in stocks, bonds, real estate, structured investments in green bonds and modern art, and other financial products such as Lombard Lending and Luxembourg Life Insurance. The platform charges management fees in the range of 1%–1.3% of assets under management for investments in managed portfolios and requires a minimum investment of EUR 1,000 (~USD 1,080).&nbsp;

Retail investors demanding sophisticated passive investment strategies are looking for an edge.

Retail Trading Infrastructure

Ramify raises €11M for premium wealth management

Paris-based Ramify is a hybrid robo-advisory and wealth management platform that offers a wide range of investment offerings, including managed portfolios in stocks, bonds, real estate, structured investments in green bonds and modern art, and other financial products such as Lombard Lending and Luxembourg Life Insurance. The platform charges management fees in the range of 1%–1.3% of assets under management for investments in managed portfolios and requires a minimum investment of EUR 1,000 (~USD 1,080).&nbsp;The platform also offers traditional wealth management services targeting individuals with EUR 100,000–5 million (~USD 109,000–5.4 million) in financial assets, providing access to a wide range of financial products, tax solutions, and premium services.&nbsp;In June 2024, Ramify reported a 20x growth in assets under management over the previous 18 months.Key customers and partnershipsRamify partnered with Apicil, a French mutual insurance company, to serve as the custodian for Ramify's clients' funds, ensuring the security and regulatory compliance of their investments. The company also partnered with MyMoneyBank, a subsidiary of General Electric, to offer a high-yield savings account to its users.

Ellevest is a hybrid investment management platform that specifically targets women, with an algorithm that takes into account gender-specific factors such as career breaks, longer life expectancy, and income differences.Ellevest currently offers services under three categories: Ellevest Essential (at a monthly fee of USD 1), Ellevest Plus (USD 5 per month), and Ellevest Executive (USD 9 per month). All three offerings include portfolio customization, banking services (spending and savings accounts), access to human advisors, and on-demand learning for subjects such as investing, career, and money. Ellevest Plus is more costly because it handles retirement accounts for clients. Meanwhile, Ellevest Executive handles both retirement accounts and investment management for multiple goals. The company also offers private wealth management services for clients who wish to invest USD 1 million or more through the platform. A dedicated advisor will work together with clients to create investment plans to meet their goals.Ellevest reported assets under management (AUM) of USD 1.4 billion as of December 2021, growing 44% during the year.In April 2022, Ellevest raised USD 53 million in Series B <a href="https://sp-edge.com/updates/9622?industryIds=28">funding </a>co-led by BMO and Contour Venture Partners. The company planned to use the funds to expand its product offering and provide personalized coaching.

Ellevest

ComposedPro is a digital investment advisor that handles clients’ investment accounts at their employers (such as employer-sponsored accounts) as well as private investment accounts, focusing on low cost Employer-Coordinated Portfolios. The company oversees USD 25 million in total assets over 181 customer accounts as of the company’s Q2 2020 filing. ComposedPro manages half of the company’s accounts on a discretionary basis, meaning an investment advisor has the discretion to make buy and sell decisions for a client’s account. ComposedPro also has 46 non-discretionary accounts totalling USD 7.9 million in assets. The average investment account size is USD 138,222 placed across exchangeable assets such as exchange-traded funds (ETFs), equities, bonds, and options.

ComposedPro

Guideline provides automated investment management services for employer-sponsored retirement accounts. The services also include plan set-up and administration, enrollment and education, recordkeeping, compliance with Retirement Income Security Act, and reporting.As of July 2023, Guideline had assets under management (AUM) of over USD 9 billion and over 350 employees. The company stated that it is the only provider that does not charge plan participants (i.e. employees) with any fees. Guideline charges the employers with a straightforward pricing of one flat fee per participant, in contrast to the asset-based fee model predominant in the industry (i.e. fee is charged on account balances). The standard service has a base fee of USD 49 per month and an additional USD 8 per participant. The standard service includes unlimited phone/email support to both plan participants and employers. For prime service, access to a dedicated account manager is available at a higher base fee of USD 129 and an additional fee of USD 8 per participant. In addition, the company stated that it has a low mutual fund expense ratio, at 0.08%. It purchases mutual funds from Vanguard and other fund providers.Funding and financialsIn June 2021, Guideline raised USD 200 million in funding led by General Atlantic. The company intends to utilize the funding to broaden its 401(k) offerings and introduce new retirement plan solutions.

Guideline

Based in Plano, Texas, AssetBuilder is a robo-advisory company that develops investment portfolios based on the Fama/French school of thought, using low-cost active index funds. It has Dimensional Fund Advisors (the eighth largest fund company in the world as of September 2019) as its funding partner. Human advisors are available to provide investing guidance. As of April 2019, the firm’s assets under management (AUM) amounted to USD 765.9 million. The firm’s business model relies on a fee-only structure, meaning a customer solely pays AssetBuilder to create and manage investments (the company does not receive product-specific commission). The minimum investment for AssetBuilder is USD 50,000 with an asset management fee ranging from 0.24% to 0.45%; the higher the investment, the lower the fee. Though the firm does not have a setup fee, it requires a custodial cost for setting up a portfolio of USD 11.95 per trade for each recommended mutual fund. Most of the platform’s portfolios require about 11 to 14 mutual funds, costing about USD 131.45 to USD 167.30 to open an account.

AssetBuilder

Based in Canada, Smart Money Invest provides portfolio management services to individual clients, advisors, and employers (such as group saving plans for retirement). Human advisors are available to serve individual investors.The company provides financial tools to develop a long-term financial strategy by calculating net worth, setting a budget, managing investment accounts, and planning for retirement.

Smart Money Invest

Robo advisory startups that offer automated investment services directly to individuals solely via digital platforms.

Robo advisory startups that offer automated investment services to individuals via both digital platforms and human financial advisors.

Provide solutions for financial advisors/asset managers to automate wealth management and administration functions.

Robo advisory startups that offer automated investment services to businesses via both digital platforms and human financial advisors.

Provides solutions for financial institutions to set up their own robo-advisory function and offer services to clients.

Startups that offer online platforms for investors to trade various securities such as stocks, ETFs, and options directly via the platform

Operates a B2B SaaS model to support financial institution in offering various investment related services

Leverages AI/ML to automate allocation and management of investment funds to cater to retail investors

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 Parisian firm, Ramify, a mix of robo-advisory and wealth management platform, has successfully raised EUR 11 million (~USD 11.8 million) in a Series A funding round. The round was lead by 13books Capital and saw participation from entities like Fidelity International Strategic Ventures, Newfund, AG2R, among others, bringing Ramify's total funding to EUR 14.5 million (~USD 15.6 million).
 The newly acquired funds will be allocated towards the development and enhancement of its existing platform.
 Over the past year and a half, Ramify recorded a staggering growth in assets under management, with a 20 times increase.
 Ramify was established in the year 2021 in Paris. It is a combined robo-advisory and wealth management platform that provides a broad spectrum of investment offerings, which includes managed portfolios in various asset classes like stocks, bonds, real estate, along with other financial products, such as Lombard Lending and Luxembourg Life Insurance.
 
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Ramify

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