Eton Solutions, a wealth management platform serving single and multi-family offices managing over $1 trillion in assets, has finalized a $58 million Series C funding round. The investment, completed in two tranches, was led by Navis Capital Partners, a private equity firm. The funding is designated to fuel product innovation and artificial intelligence (AI) development for the company’s AtlasFive® platform, as well as to expand its suite of products targeting the private equity and funds industry.
Eton Solutions has reported rapid growth over the past three years, with revenue quadrupling and its client base increasing by 340% across 15 countries. The AtlasFive® platform is currently utilized by more than 800 of the world’s wealthiest families, functioning as a system of record for wealth management. The platform manages 130,000 entities, oversees over 205,000 investments, processes $65 billion in annual bill payments, and handles more than 14 million annual transactions. This data infrastructure has enabled the development of over 400 AI use cases within the platform.
Building on decades of wealth management expertise, Eton Solutions plans to introduce forthcoming products designed to serve a broader range of ultra-high-net-worth individuals, starting with those holding $25 million or more in assets. The company is also expanding its client base, which currently includes Single and Multi-Family Offices, to encompass Private Equity firms, Funds, Registered Investment Advisors, Accounting firms, Business Managers, and Global Private Banks.
Global growth in ultra-high-net-worth families and individuals has led to a significant expansion of family offices. According to Deloitte, the number of single-family offices worldwide reached 9,030 last year and is projected to increase to 10,720 by 2030. While North America currently holds the largest number of family offices, Asia Pacific is anticipated to exhibit faster growth by 2030. Eton Solutions maintains a U.S. headquarters in Research Triangle Park, N.C., and an international headquarters in Singapore, positioning it with a substantial presence in North America, Asia Pacific, Europe, and the Middle East.
Satyen Patel, Executive Chairman at Eton Solutions, stated, “Our total addressable market is increasing every year, and our technology is expanding to meet it. We’ve built an ecosystem that is uniquely able to meet every wealth management need—and has the security, privacy, workflow, and data foundation necessary to do so—all in one place. Our focus as we enter our second decade is reimagining how wealth managers across the board manage liquid and alternative investments for their clients—whether one or many. This investment will enable us to accelerate our expansion to meet the growing markets and their demand for AI-driven efficiencies that create even more value.”
Navis Capital Partners, which manages over $5 billion in assets, cited Eton Solutions’ market position as a key factor in its investment. Rajendra Pai, Partner at Navis Capital Partners, commented, “We’ve witnessed how Eton’s technology enables family offices to achieve significant efficiency and insight. Their platform has become an essential infrastructure for managing complex wealth at scale. We’re excited to continue supporting their growth and innovation.”
Over the past decade, Eton Solutions has invested $50 million in the development of its core and upcoming product releases. This year, the company hosted its inaugural global client summit, drawing 75 representatives from more than 40 family offices worldwide. The company employs 425 individuals. Eton Solutions’ technology platform connects data, services, and stakeholders within single and multi-family offices, streamlining workflows that previously involved disparate point solutions and manual processes. The company’s ERP platform is also utilized as a white-labeled solution by institutional clients managing complex liquid and alternative investments.
