Halo Investing Bags Over US$100 Million Series C, Plans to Set up Office in the UAE15 October 2021
Halo Investing, a Chicago-based multi-issuer technology platform for protective investment solutions, announced that it has raised over US$ 100 million in Series C funding.
The latest fundraising round was led by Owl Capital and included the Mubadala-backed US$ 1 billion fund managed by Abu Dhabi Catalyst Partners, in addition to existing investors Allianz Life Ventures and William Blair.
As a result of Abu Dhabi Catalyst Partners’ investment, Halo will open an office at Abu Dhabi Global Market (ADGM) to drive the growth of its international footprint in the protective investing landscape.
Halo, which has raised US$ 120 million to date, will use the proceeds to continue to expand, disrupt, and democratise access to innovative protective investment options that can increase savings and investment returns for individuals.
The firm plans to invest in new markets, enter into more distribution channels and expand into new asset classes.
“We are building a one-of-a-kind technology platform to level the playing field for investors. Individuals are living longer and continue to struggle with saving enough for retirement.
Our platform provides easy and transparent access to investment solutions that can help solve this savings crisis. The future of investing is outcome-based. We are proud of the impact we are making in helping individuals secure their financial futures.
said Biju Kulathakal, Co-Founder & CEO of Halo.
This article first appeared on Fintech News Switzerland.