PALO ALTO, CA / ACCESSWIRE / May 6, 2024 / DwellFi, a leader in AI, blockchain, and tokenization solutions for Private Funds and Fund Administrators, has successfully closed $3M of funding to date. The investment, led by E1 Ventures, Stanford Blockchain, Hustle Fund, Blockchain Coinvestors, and Fortified Ventures, underscores the confidence venture capitalists have in DwellFi’s innovative approach to modernizing legacy systems in the Asset Management industry.
Market Validation
The DwellFi platform is gaining market traction with enterprise Asset Management industry participants as it provides institutional-grade solutions that enhance operational efficiencies while being secure and compliant. DwellFi’s expanding footprint in this industry is clearly demonstrated by the impressive growth in assets under administration (AUA) on their platform, which now exceeds $200B+.
Product Alignment
DwellFi is redefining asset management with state-of-the-art AI, blockchain, and tokenization technologies. The SOC-2 certified SaaS platform caters to enterprise clients who administer or manage private funds, adapting to the needs of the market. Led by visionary CEO Kumar Ujjwal, with two technology patents to his name, and CTO Deepak Sheoran, DwellFi is setting new standards in the asset management industry. With a strong focus on compliance and data security, DwellFi also ensures that its cutting-edge solutions not only meet current regulatory standards but also anticipate future governance frameworks which is a vital consideration for the Asset Management industry.
Leadership and Expertise
DwellFi boasts a deep bench of leadership, bringing together seasoned professionals from technology, consulting, and the Asset Management industry. This diverse expertise is pivotal in designing and implementing solutions that seamlessly integrate with existing financial infrastructures, ensuring a smooth transition for enterprise clients adopting new technologies.
Nathan Paitchel, Head of Business Development at DwellFi, commented on the funding, stating, “This round of funding reflects the market’s confidence in our ability to disrupt legacy systems that are widely used in the Asset Management industry today.”
Kumar Ujjwal, Founder and CEO of DwellFi, added, “This endorsement of our technological innovations marks a significant step towards our mission of transforming Asset Management through digital excellence. We are excited to scale our operations and continue our growth trajectory with the support of our esteemed investors.”
About DwellFi:
DwellFi is redefining asset management with state-of-the-art AI, blockchain, and tokenization technologies. Our SOC-2, Type 1 SaaS platform caters to a diverse client base, including PE/RE/VC Funds, Hedge Funds, Fund Administrators, and LPs, adapting to the dynamic needs of the market. Led by visionary CEO Kumar Ujjwal, with two technology patents to his name, and CTO Deepak Sheoran, DwellFi is setting new standards for operational efficiency, security, compliance, and investor engagement in the asset management industry. Visit https://dwell.fi/ to learn more.
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SOURCE: DwellFi
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