Moonfare GmbH, the leading digital private equity investment platform for individual investors, has raised $125 million in Series C funding, led by New York-based global private equity and venture capital firm Insight Partners. Moonfare will use the funding to continue developing innovative investment solutions and accelerating its international expansion.
Moonfare offers individual investors access to select private market funds that were previously only available for institutions. In September, Moonfare exceeded €1 billion assets under management, doubling its assets in only eight months. Moonfare’s last financing round was in March of this year and was led by Fidelity International Strategic Ventures, which also participated in the current round. Fidelity has entered into an exclusive distribution partnership with Moonfare.
Moonfare makes it possible for qualified individual investors to invest directly in top-tier private equity and venture capital funds via a fast and easy-to-use digital experience. The platform is designed to customize to different customer preferences and regulatory requirements. It is the only private market fund platform globally that transacts with individual investors directly and through family offices, banks and other advisors. Moonfare’s digital secondary market allows investors to sell their existing stakes, bringing liquidity to a traditionally illiquid asset class and thereby removing a key obstacle to investing for individual investors.
Moonfare already operates in 13 countries across Europe and Asia and has offices in Berlin, Hong Kong, London and Luxembourg, with more to open soon. The company plans to double the size of its global team with over 80 full-time employees in the tech and product departments alone.
The Milbank team, which previously advised Moonfare in the last financing round, including on the strategic partnership with Fidelity, is led by Steffen Oppenlaender (Corporate/M&A, Munich) and includes Thomas Kleinheisterkamp (Tax, Munich), Alexander Rinne (Antitrust and Foreign Investment, Munich), Alexandra Schaefer and Manuel Bogenreuther (both Corporate/M&A, Munich).
