InvestSuite raises €2 million for robo adviser wealthtech platform

InvestSuite, a Belgium-based B2B wealthtech startup, provides automated investment solutions to financial institutions

Wealthtech startup InvestSuite has raised an additional €2 million through a seed extension round.

The additional funding, led by investment company PMV with participation from existing and new business angels, management and employees, brings its total raised since June 2018 to €6 million.

InvestSuite, a Belgium-based B2B wealthtech startup, provides automated investment solutions to financial institutions. In its first 18 months, the wealthtech has grown to 25 employees across Europe with a sales presence in Europe, Latin America, and the Middle East.

Based on the iVaR-based portfolio construction framework, InvestSuite’s customisable robo adviser provides an automated digital investment product that financial institutions can offer to their clients.

The wealthtech startup also provides solutions for multi-asset trading (SelfInvestor), quantitative portfolio construction (Optimizer) and portfolio reporting (StoryTeller).

Bart Vanhaeren, chief executive officer and co-founder of InvestSuite, said: “The ball is definitely rolling. Wealth management is undergoing a large-scale digitalisation, and we are seeing great demand. We noticed that the pace of change has significantly increased during the last six to twelve months and are talking with financial institutions all over Europe, in the Middle East, Australia and even Brazil.”

Laurent Sorber, chief technology officer and co-founder of InvestSuite, continued: “Investing is searching for the balance between return and risk. But it’s very important to define what risk is. InvestSuite’s approach to measuring risk arose from the desire to capture what people intuitively perceive as investment risk.”

In the end, investors all want the same thing—an account that offers the steady growth of a savings account, but with the returns of the stock market. We cannot guarantee this, but we can optimise for it, which is precisely why we have developed our own measure of risk. By minimising risk against this measure, we are optimising for the most comfortable growth journey in an investment portfolio. A ‘smooth ride’, as we call it.”

Image: InvestSuite

Mark Dugdale