Light Frame Raises $1.7M for Enhancing Private Banking Tech
Light Frame Raises $1.7M in Pre-Seed Funding
Light Frame Raises $1.7M in Pre-Seed Funding
Key Highlights:
- Pre-Seed Funding: Light Frame, a private banking and wealth management technology company, raised $1.7M in Pre-Seed funding.
- Investors: Funding round led by ATX Venture Partners and New Stack Ventures, with participation from Rogue Venture Partners, Half Court Ventures, Underdog Labs, and Studio Alpha.
- Company Focus: Developing a proprietary technology platform to enhance autonomy, capability, and intelligence in Private Banks and Wealth Management firms.
Light Frame's Target Market
- Private Banks and Wealth Management Firms: Targeting financial institutions in the private banking and wealth management sectors.
- Global Market: Operating in both the United States and Switzerland, with headquarters in Providence, RI, and an office in Lausanne.
- Technology-Driven Financial Institutions: Focusing on institutions seeking advanced technology solutions to enhance their operations and client services.
What Light Frame Needs to Buy
- Technology Development: Investing in research and development to further enhance their proprietary technology platform.
- Strategic Partnerships: Collaborating with financial institutions to integrate their technology platform into existing systems and workflows.
- Marketing and Sales Support: Engaging with marketing and sales service providers to promote their technology solutions and acquire new clients.