Announcing Allocate's Series B: Building the Future of Private Markets
Private markets today manage nearly $15 trillion in assets, with projections to double by the decade's end. Yet for all this growth, the infrastructure remains fundamentally broken. Despite this massive opportunity, only 26% of the 17,000 wealth advisors in the U.S. currently allocate programmatically to alternatives, often citing complexity, disconnected workflows, and administrative burden as barriers.
We started Allocate because we experienced these inefficiencies firsthand. Finding suitable and attractive investment opportunities without constraints, conducting due diligence, and managing portfolios were filled with friction at every step. Institutions and RIAs spend over $17 billion annually on private market infrastructure, yet inefficiencies persist. We believed then, and believe more strongly today, that technology can fundamentally change this experience.
What We're Building
We're building the end-to-end operating system for private markets. We're creating the intelligent infrastructure that makes private market investing as streamlined and transparent as public market investing.
Our platform is built around three core products that work together to solve the complexity problem:
Allocate Curations provides responsible access to high-quality private market opportunities, moving beyond simple discovery to curated and personalized access that wealth advisors and their clients can trust.
Allocate Fund Solutions provides fund managers and wealth advisors with turnkey white-label funds and fully streamlined administration, making launching and managing investment vehicles simple.
Allocate Insights offers limited partners a seamless, unified view to track and manage their entire private portfolios. It goes far beyond basic reporting to provide actionable intelligence across their holdings.
Together, these products don't just track investments—they simplify complexity, increase efficiency, and unlock responsible participation in private markets at scale.
Our Series B and Strong Growth
Today, we're announcing that we've raised a $30.5 million Series B financing, bringing our total capital raised to $64 million. Portage Ventures led the round, with participation from Andreessen Horowitz, M13, and Fika Ventures.
Since launch, we've scaled to over $2.5 billion in assets on the platform and now serve more than 1,200 wealth advisory firms and institutional family offices. We've expanded our coverage beyond venture capital to private equity and private credit, helping advisors build and manage high-quality, personalized portfolios within one unified platform.
With this new capital, we'll accelerate development of our private market AI and workflow automation capabilities, expand integrations to drive adoption, and scale our advisor and client success teams. We're building the intelligent operating system that helps private markets operate with the same transparency and efficiency as public markets.
The Transformation Ahead
Private markets are becoming essential to wealth creation, but poor transparency and outdated tooling have long held back participation. The current infrastructure is too limited to support efficient and responsible scale, leaving advisors and their clients facing gated access and fragmented systems.
We're building toward a world where private market investing operates with modern infrastructure for today's investors, where advisors can engage with private markets through purpose-built solutions rather than cobbled-together workarounds, and where the next generation of financial products gives families and institutions the tools to participate in private markets the way the future demands.
This isn't just about better software—it's about unlocking more efficient capital formation for managers and more responsible investing for limited partners. Private market participation has become a critical driver of financial success, but only if done correctly.
The road ahead will have its challenges, but we're energized by what we've built and the growing demand we're seeing from the market. This Series B enables us to accelerate our mission of modernizing private market infrastructure and making responsible participation accessible to more advisors and their clients.
We're building the future of private markets, and this is just the beginning.
Samir & Hana
The Founders
Note
This post may include forward-looking statements about Allocate’s plans and outlook, which are subject to risks and uncertainties. This content is for informational purposes only and does not constitute investment advice or an offer to buy or sell securities.