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., NEW YORK and Conshohocken, PA, Dec 07, 2023 — 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.
