Yieldstreet Raises $77mm for Comprehensive Alts Platform

Yieldstreet, a WealthTech out to democratize access to alternative asset classes, announced that they have raised $77mm to bolster their comprehensive alternative investment platform. They had announced last November that they were looking to raise $70-100mm, so they did hit their mark.

There was good participation from the venture capital community, which is nice to see, even if most of them were returning investors. Tarsadia Investments lead the deal and Mayfair Equity Partners, Edison Partners, Cordoba Advisory, and Kingfisher Investment Advisors joined in. RedBird Capital Partners also participated as a new face.

The democratization of alternative investments continues to be a strong theme in WealthTech an wealth management. In the press release,  Mitchell Caplan, CEO of Yieldstreet, said “The next five years will define how individual investors access private markets investments.” We really can't argue against that. Addepar and Vestmark recently announced an expansion of their alternative capabilities and FS Investments has rebranded at Future Standard with a solid eye on the alternatives marketplace. All within the last week or so.

For more information on our WealthTech theme "The Rise of Alternative Assets" or any of the other thoughts we have on the WealthTech space, see our thought piece WealthTech Themes for the Next 5 Years.

Link to press release here