73 Strings is revolutionizing private capital markets through AI-powered data extraction, portfolio monitoring, and valuation solutions
Funds will be used to further accelerate product development and innovation
73 Strings, the financial intelligence platform using AI to revolutionize data extraction, monitoring, and valuation for the $17.6 Trillion AUM Alternative Asset Management space, has successfully closed a $55m Series B.
“We’re proud to have the trust of world-class investors and global clients who share our vision and are helping set the industry standard with 73 Strings”
The round was led by Growth Equity at Goldman Sachs Alternatives, with continued investment from Blackstone Innovations Investments and participation from Golub Capital, Hamilton Lane (Nasdaq: HLNE) and Broadhaven Ventures, solidifying 73 Strings’ reputation as the trusted partner in enabling faster, more automated, and higher-frequency valuation and monitoring processes.
“This Series B is a pivotal milestone for 73 Strings,” said Yann Magnan, Co-founder and CEO. “There is exponentially greater demand on the Alternative Asset markets, and Managers need similarly greater flexibility to understand their portfolio performance. Our teams are working day and night to create the best data extraction, monitoring and valuation tools for these markets so that every participant – from allocators to managers to retail investors – can benefit from a more holistic, efficient and intelligent understanding of their investments as they focus on value creation.”
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Mr Magnan continued: “The trust of Goldman Sachs and Blackstone, coupled with support from Golub Capital, Hamilton Lane, Fidelity International Strategic Ventures, and Broadhaven Ventures underscores confidence in our technology, team, and vision.”
“73 Strings’ intelligence platform is designed to help Alternative Asset Managers adapt to the increasing complexity of private markets investing,” said Jade Mandel, an Investor at Growth Equity at Goldman Sachs Alternatives who is joining the Board of 73 Strings. “By accelerating the adoption of modern data architecture and flexible, efficient workflows, 73 Strings is positioning itself as a software inflection point for the private markets industry. We are excited to support this team and their innovative vision of transforming how private capital firms use data and intelligence and drive decision-making.”
Accelerated Innovation and Product Expansion
This support and investment will propel 73 Strings’ product roadmap to deliver industry-first solutions that transform how private capital firms unlock intelligence, enhance valuations, and drive decision-making:
- Building Even Smarter Systems with LLMs: Harnessing Large Language Models (LLMs) to build agentic AI systems that generate custom insights, enabling faster, more informed decisions, and unlocking even greater value from the platform.
- Benchmarking & Predictive Analytics: Empowering data-driven decision-making by integrating benchmarking insights and advanced analytics, enabling clients to compare performance, assess trends, and make more informed strategic decisions.
- Portfolio Simulation: Introducing advanced sensitivity analysis and exposure modeling tools, empowering firms to evaluate the impact of key inputs on portfolio performance and valuations—an essential capability for proactive risk management and decision-making.
- Advanced Dashboards & Analytics: Launching an intuitive dashboard engine designed specifically for the complexities of private capital data to extract deeper intelligence and actionable insights, revolutionizing portfolio monitoring, valuations, and data management.
A Category-Defining Multi-Strategy Solution
Trusted by the largest alternative asset managers in the world, with clients who manage nearly $10 trillion in assets (AUM), 73 Strings’ platform enables the delivery of faster, more frequent valuations with enhanced transparency, superior data accuracy, and actionable intelligence—all at the click of a button. This is the only solution without any independence or service conflicts seamlessly serving both equity and credit.
“We’re proud to have the trust of world-class investors and global clients who share our vision and are helping set the industry standard with 73 Strings,” added Abhishek Pandey, Co-Founder and Deputy CEO. “This investment accelerates our mission to push the boundaries of what’s possible, delivering next-generation solutions that bring unrivaled intelligence, efficiency, and innovation to the private capital markets.”
Quotes from Investors:
- Stevi Petrelli, Head of Blackstone Innovations Investments stated, “As private markets continue to grow rapidly in scale and complexity with assets requiring more frequent reporting, the need for more data, benchmarks, and analytics around asset valuations becomes essential for investors seeking greater transparency in their private market portfolios. In order to meet this need, we reviewed all of the leading solutions and selected 73 Strings as the best-in-class solution for operating at scale. Today, 73 Strings supports Blackstone’s valuation and portfolio monitoring processes across the majority of our businesses.”
- Griff Norville, Head of Technology Solutions at Hamilton Lane: “At Hamilton Lane, we are dedicated to investing in companies like 73 Strings that empower investors to make informed, data-driven decisions. Through this strategic partnership, we aim to enhance private company data capture and analytics, increase the frequency and depth of our reporting, and improve our readiness for new investment product development and distribution.”
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