InvestCloud Gets $45M For Software For Investment Advisors

Los Angeles-based InvestCloud, a developer of cloud-based software to help investment advisors manage their customer experience and customer service, has raised $45M in a funding round, the company said Tuesday. The funding was led by FTV Capital. Richard Garman of FTV Capital joins the company's board of directors with the investment. InvestCloud said it is focusing on the front- and middle-office operations for global investment advisors, including family offices, pension funds and endowments, hedge fund administrators, and others. The startup is led by John Wise. More information »