{"id":338300,"date":"2017-04-14T00:00:49","date_gmt":"2017-04-13T16:00:49","guid":{"rendered":"http:\/\/techcrunch.com\/?p=1476366"},"modified":"2017-04-14T00:00:49","modified_gmt":"2017-04-13T16:00:49","slug":"lvh-and-55-capital-raise-10-million-to-build-investment-solutions-for-financial-advisors","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/lvh-and-55-capital-raise-10-million-to-build-investment-solutions-for-financial-advisors\/","title":{"rendered":"LVH and 55 Capital raise $10 million to build investment solutions for financial advisors"},"content":{"rendered":"

<\/p>\n

LVH, the parent of 55 Capital, has raised $10 million in Series A funding to\u00a0build out its technology platform for investors and further its financial research.<\/p>\n

Point72 Ventures, the\u00a0venture capital fund associated with billionaire Steven Cohen<\/a>,\u00a0is participating in the round. Others include Calibrate Management and Tectonic Ventures.<\/p>\n

55 Capital has been working on a product that makes it easier for asset managers\u00a0and other investors to build custom algorithms. They specialize in evaluating ETFs and the team has significant prior experience in the category. LVH co-founder Lee Kranefuss previously started iShares.<\/a><\/p>\n

There\u2019s a\u00a0\u201cbig gap between the investment science getting done and what\u2019s actually getting into the hands of the broader market,\u201d said Dr. Vinay Nair, co-founder of LVH. \u201cWe allow them to turn their own dials and design their own flavor of their strategy,\u201d determining the mix of stocks, bonds and other investment categories.<\/span><\/p>\n

They are working to integrate their technology with\u00a0some of the industry\u2019s enterprise software platforms. Other clients include wealth management firms and hedge funds.<\/p>\n

Their core business model draws similarities to asset managers, where they charge fees based on the assets they manage or advise. The offerings can be white labeled or co-branded.<\/p>\n

LVH is a holding company and 55 Capital was established in late 2015. 55 Capital\u2019s CEO is Bruce Lavine, former president\u00a0of Wisdom Tree.<\/p>\n

Motif Investing<\/a>, Wealthfront and Betterment are\u00a0amongst the startups that are trying to shake up the investment space. 55 Capital is not classified as a roboadvisor as the investment strategies aren\u2019t purely automated, but it does plan to work with companies in that category.<\/p>\n

The best investment solution is going to be \u201csome mix of man and machine,\u201d predicted\u00a0Nair.\u00a0<\/span><\/p>\n

Matthew Rhodes-Kropf, managing partner at Tectonic Ventures, said that he invested in LVH because he believes it\u2019s the \u201cright time\u201d to improve financial investment technology and \u201cthese seems like the right guys.\u201d He said that there\u2019s been a lot of great research that isn\u2019t readily accessible. We \u201chave<\/span>\u00a0all these fresh ingredients but we don\u2019t have the recipe.\u201d<\/span><\/p>\n

LVH plans to use some of the capital to make acquisitions on the \u201cadvisory side of the business,\u201d said Nair. They want to continue to build out more product offerings.<\/p>\n

The company has offices in New York, San Francisco and Mumbai.<\/p>\n

Featured Image: Bryce Durbin<\/small><\/p>\n","protected":false},"excerpt":{"rendered":"

\"\" LVH, the parent of 55 Capital, has raised $10 million in Series A funding to build out its technology platform for investors and further its financial research. Point72 Ventures, the venture capital fund associated with billionaire Steven Cohen, is participating in the round. Others include Calibrate Management and Tectonic Ventures. Read More<\/a><\/p>\n

\n<\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a> <\/img><\/a>\n<\/div>\n

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