Opto Investments Raises $145M in Series A

Opto Investments, a NY-based technology-enabled solution for private market access for independent investment advisors, emerged from stealth with $145m in Series A financing.

Tiger Global led the Series A round with participation from 8VC, Michael shoppingmode Dell’s MSD Capital, Clocktower Ventures, FinVC, HOF Capital, and others.

The company, which has already partnered with over 80 RIAs, will use the capital to secure investment opportunities for its customers, continue to scale its business, and add to its 45-member team.

Led by CEO Mark Machin, and Chairman Joe Lonsdale, Opto has created a platform to help RIAs level up their practices with access to exclusive private market investments. The company provides a framework to explore the private market landscape, incorporate client goals and interests, understand how family offices operate, and turn insights into actionable investments. The platform manages the process from start to finish: from sourcing, diligence, and subscribing to funds; to monitoring positions, capital call schedules, investor servicing and reporting.

Mark Machin was most recently President & CEO of CPP Investments, which manages over C$500 billion and is one of the leading private market investors in the world. He is also a member of the Government of Singapore Investment Corporation (GIC)’s International Advisory Board, Singapore’s Sovereign Wealth Fund, and an advisor to its Portfolio Strategies Committee. Machin was also the Chair of FCLT Global, a think-tank founded to encourage the capital markets to focus on long-horizon capital deployment.

Joe Lonsdale is the Managing Partner at 8VC and the founder of companies such as Palantir, OpenGov, and Addepar. Lonsdale served as CEO of Addepar, which now has over $4 trillion reporting through its wealth management technology platform, and he remains the Chairman of that company.