TLDR:
- Linnovate Partners, a Singapore-based fintech, secures $40 million funding from SeaTown Private Capital Master Fund overseen by SeaTown Holdings International.
- Linnovate offers asset servicing and fund administration solutions through its cloud-based platform RAISE.
Linnovate Partners, a Singapore-based fintech, has received a $40 million funding commitment from SeaTown Private Capital Master Fund, overseen by SeaTown Holdings International, an Asia-focused investment enterprise owned by Seviora, the asset management division of Singapore’s state-owned investment firm, Temasek. Founded in 2016, Linnovate provides asset servicing and fund administration solutions for the investment industry, boasting its proprietary cloud-based platform RAISE that consolidates all functions of alternative investing into a single ecosystem. The company currently administers over $130 billion in assets across more than 600 private equity and venture capital funds. With the growing demand for its tech-enabled services, Linnovate aims to enhance its offering and scale its operations with the new cash injection. Henry Lin, the founder and CEO of Linnovate Partners, expresses gratitude for the investment, emphasizing its role in accelerating the firm’s growth trajectory and expanding its service portfolio. Meanwhile, Dickson Loo, MD at SeaTown, plans to utilize the company’s network, resources, and expertise to help Linnovate reach new heights.
Overall, this funding round signifies a significant milestone for Linnovate Partners, enabling the company to strengthen its position in the fintech industry and capitalize on the increasing demand for its innovative services.
