Goldman Sachs Leads $55M Series B for AI-Powered Alts Platform
73 Strings has raised $55 million in a Series B funding round led by Growth Equity at Goldman Sachs Alternatives, with participation from Blackstone Innovations Investments, Golub Capital, Hamilton Lane and Broadhaven Ventures.
The company offers AI-powered data extraction, monitoring, and valuation solutions for the $17.6 trillion alternative asset management market. The fresh infusion will be used to accelerate product development and innovation.
The platform serves clients managing nearly $10 trillion in assets, enabling faster and more frequent valuations with enhanced transparency. The company plans to expand its capabilities through building smarter systems with LLMs, implementing benchmarking & predictive analytics, introducing portfolio simulation features, and launching advanced dashboards specifically designed for private capital data.
“By accelerating the adoption of modern data architecture and flexible, efficient workflows, 73 Strings is positioning itself as a software inflection point for the private markets industry,” said Jade Mandel, an investor at Growth Equity at Goldman Sachs Alternatives who is joining the Board of 73 Strings.
Headquartered in Paris, 73 Strings maintains a global presence with offices in New York, London, Paris, Toronto, Bengaluru and Riyadh.