Ridgeline raises $250m Series E for investment-management software
Dave Duffield led the round for cloud software that connects trading, portfolio accounting, compliance and client reporting.
One system across investment operations
Ridgeline gives investment managers a shared system for front-office decisions and the accounting and operational records behind them. Its platform brings trading, portfolio accounting, compliance, reporting and client servicing together, with AI tools that help teams review reconciliation exceptions and compliance alerts.
The company says its software supports asset and wealth managers and multi-family offices overseeing more than $750 billion in committed assets under management or advisement. The Series E is its latest step in expanding the platform’s AI and managed-service capabilities.
Use of funds
Extend AI capabilities
Broaden managed services
Establish customer base in Canada and Europe
Drive product innovation