Pactio, a London-based private equity management software startup, has raised £11m in a Series A funding round.
Founded in 2021, Pactio has developed a platform for private capital investors that provides deal tracking and risk management tools.
Pactio co-founder and CEO Eric Heimark said during his time as a private equity investor, he found existing tools overly manual, complex and outdated.
“Private markets are evolving into one of the largest and most complex asset classes in the world, yet this progress is being impeded by reliance on manual workflows and a tech stack that’s 30 years out of date,” Heimark said.
“It troubled me that the quality of tech does not match the sophistication of workflows and the talent of the parties involved.”
The funding round was led by EQT Ventures and included participation from Stripe Europe CEO Matt Henderson and Volt founder Tom Greenwood.
“The combination of [Pactio’s] deep industry and tech expertise, compelling vision for how they will become the missing infra layer for private capital, and their early traction with industry leaders made it an easy decision,” said Tom Mendoza, a partner at EQT Ventures.
Previous backers of the company include Monzo co-founder Tom Blomfield, GoCardless co-founder Matt Robinson, ComplyAdvantage founder Charles Delingpole and former Microsoft strategy lead Charlie Songhurst.
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