73 Strings Closes Series A Funding Round Led by Blackstone and Fidelity
Paris-based 73 Strings, a leading provider of valuation and portfolio monitoring solutions, has successfully closed its Series A funding round. The company, which serves large multi-strategy alternative investment firms globally, raised funds from prominent investors including Blackstone Innovations Investments and Fidelity International Strategic Ventures.
73 Strings' platform enables funds to transition from error-prone spreadsheets to a scalable software solution for private asset valuations. This shift allows for faster, more frequent, and efficient valuations, benefiting stakeholders. The company's clients include Eurazeo in France and Sofina in Belgium, with a combined Assets Under Management (AUM) of over $2 trillion. 73 Strings supports clients across multiple strategies, including Private Equity, Growth Equity, Venture Capital, and Private Credit.
Headquartered in Paris, 73 Strings maintains a global presence across New York, London, Paris, Toronto, and Bengaluru. The investment will be used to build out its product, engineering, and go-to-market teams. The Series A round also saw participation from other investors, although their names were not explicitly mentioned in the provided search results. However, subsequent rounds, such as Series B, included firms like Goldman Sachs, Golub Capital, Hamilton Lane, and Broadhaven Ventures, indicating these firms are key investors in the company's growth.
With the successful completion of its Series A funding round, 73 Strings is well-positioned to continue its mission of introducing efficiency, better risk management, and enhanced quality control to portfolio monitoring and valuation processes. The company's global presence and prestigious client base demonstrate its commitment to serving the alternative asset management industry.
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