Vennre Secures $9.6 Million to Expand Private Market Access
- Kendrick Wakeman, CFA
- 2 hours ago
- 1 min read
Vennre recently closed a $9.6 million pre-Series A funding round to enhance its digital investment platform within the Middle East and North Africa region. The London-based fintech company provides a specialized infrastructure that allows individual investors to access high-quality private market opportunities that were previously restricted to large institutions. By digitizing the end-to-end investment process, the platform simplifies regulatory compliance and administrative tasks for individual investors looking to diversify client portfolios.
The company serves a growing market of HENRYs (High Earners, Not Rich Yet) across MENA who require more efficient ways to participate in alternative asset classes. Vennre aims to use the new capital to scale its operations and deepen its footprint in the gulf cooperation council countries where demand for modern investment solutions is rising.
The success of this funding round reflects a broader surge in initiatives designed to bring alternative investments to the wealth management sector. While institutional demand has historically dominated private markets, WealthTech platforms like Vennre are now addressing persistent friction in research and onboarding. This shift allows advisors to provide more holistic services and better align with the growing preference for alternative assets across the global financial landscape.
Knote: Going Direct-to-Consumer with private investments is a bold concept who’s time has perhaps come. Targeting HENRYs is an interesting approach as well. I believe the idea there is those investors are rich enough to want alternative investments but not rich enough to attract the attention of advisors who provide alternative investments. We will be watching this one.
