Vega, a UK-based wealthtech platform set up by a team of former executives from hedge funds, private equity firms, and fintech scale-ups, has launched with over $8 million in equity investment from venture capital firms and angel investors.
Alexis Augier, founder and CEO of Vega, said:
“As a new generation of high-net-worth individuals emerges, we are building the financial products and technological infrastructure the wealth management industry needs to serve them. Our goal is to provide a unified wealth management platform that transforms the experience for end-users while equipping advisors with institutional-grade solutions.”
With Vega, users can invest “across the asset allocation spectrum and build diversified portfolios covering both private asset classes such as private equity, venture capital, private credit, and real assets as well as public equities, fixed income, and commodities.”
Unlike legacy platforms focused on single-fund access, Vega leverages technology “to construct diversified portfolios that combine multiple leading alternative asset managers — enabling users to invest in private markets in an optimal way while complementing their exposure with public asset classes, all on a single platform.”
Beyond investment products, Vega is also “building a wide range of liquidity and financial planning solutions. These will help wealth advisors and their clients unlock liquidity from — and optimise the management of — complex financial assets.”
Vega’s founding team consists of financial experts from investment firms “like Elliott, Blackstone, KKR, and Goldman Sachs, along with product and engineering specialists from successful fintech scale-ups like Revolut and Trade Republic.”
Vega is reportedly backed “by Motive Ventures, Picus Capital, Citi Ventures, No Label Ventures, and over 60 angel investors.”
These include senior partners from investment firms “such as KKR, Blackstone, and Permira along with fintech executives with leadership experience at firms such as N26, Trade Republic, and Klarna.”
Robin Godenrath, Managing Director and Founding Partner at Picus Capital, said:
“Having backed Vega since inception, we are impressed by what the team has built to open up previously inaccessible product categories to individual investors. By combining financial expertise with technology, Vega is truly levelling the playing field in wealth management.”