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- Vega Secures $20M Series A and Partners with Apollo
Vega Secures $20M Series A and Partners with Apollo
Slice of Finance Team
18 Nov
Key Highlights:
$20M Series A funding led by Apollo and Motive Partners to scale Vega's AltOS.
Strategic partnership with Apollo, including the integration of Edna’s employee investment platform.
Vega AltOS introduces an "Alternatives-as-a-Service" framework for seamless client operations.
Source: Business Wire
Notable Quotes:
“We have reached an inflection point where alternative asset managers now need their own operating system to power the industry’s next growth phase.”
“Vega is building an innovative operating system purpose-designed for the alternatives industry to transform internal GP client operations.”
“Managers have been underserved to-date, and Vega’s AltOS is critical to address this gap.”
Our Take:
The private markets sector is undergoing a technological renaissance, and Vega is at the forefront with its AltOS platform. By addressing outdated infrastructures and providing scalable, API-driven solutions, Vega is positioned to transform the alternative asset management landscape. The partnership with Apollo and integration of Edna underline Vega’s strategic approach to delivering value to GPs and clients alike. This move signals a significant step forward for both the company and the broader industry.