Helix by HL, the innovative generative AI assistant transforming private market investing, has successfully concluded its Seed+ funding round, securing $6 million at a post-money valuation of $26 million. The round was spearheaded by FINTOP Capital, a distinguished venture capital firm known for its strategic investments in cutting-edge financial technology.
Originally introduced in June 2023, Helix is a collaborative initiative between TIFIN, the leading AI platform for wealth, and Hamilton Lane, a globally renowned private markets investment manager. This private markets-focused platform, fueled by Hamilton Lane's proprietary data and industry expertise, aims to simplify alternative investing and equip wealth advisors with the necessary tools to navigate this intricate asset class. Helix is strategically designed for seamless integration within wealth platforms and digital marketplaces used by advisors and investors seeking private market allocations.
The funding round marks a significant achievement for TIFIN's TIFIN.AI initiative, which collaborates with leading financial services firms to develop new AI platforms, enhancing partners' capabilities in the evolving landscape of AI-powered wealth technology.
Dr. Vinay Nair, Founder and CEO of TIFIN, expressed enthusiasm about the addition of FINTOP to their capital partners, emphasizing their shared commitment to making Helix a pivotal tool for all private investment users. This investment underscores their vision to introduce cutting-edge AI technology to the world of wealth.
Griff Norville, Managing Director and Head of Technology Solutions at Hamilton Lane, highlighted the shared objective with FINTOP in driving technological innovation and expanding access within the private markets. Through Helix by HL, they aim to empower wealth managers and private wealth professionals with data-driven decision-making capabilities.
FINTOP Capital, the lead investor, has a strong track record of supporting innovative fintech companies. This investment aligns with JAM FINTOP's strategy to democratize access to alternative assets, enhancing banks' wealth management offerings. The funds raised will accelerate product development, enhance platform features, and expand Helix's market presence.
Rick Kushel, Managing Partner at FINTOP Capital, expressed excitement about partnering with TIFIN and Hamilton Lane, citing their successful history in private markets technology and viewing Helix as a natural fit.
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