Eton Solutions closed a $58M Series C in two tranches led by Navis Capital Partners. The new funding will be used to accelerate AI-driven innovation on its AtlasFive® platform, fuel product expansion into private equity and funds as well as to extend offerings to UHNW individuals with $25M+ in assets. This has prompted some in our network to question whether Eton’s push into PE and funds could shift focus away from its core SFO and MFO client base. Today, Eton supports 800+ family offices across 15 countries managing over $1T in assets, covering 130,000 entities, 205,000 investments, $65B in annual bill payments, and 14M+ transactions. With 425 employees, the firm has invested $50M in AtlasFive, enabling more than 400 AI use cases.
In related news Eton partnered with Asas Capital to launch the Middle East’s first Family Office as a Service platform powered by AtlasFive.