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Asseta AI Raises $4.2 Million to Define the Next Era of Family Office Infrastructure

via Business Wire

Investment from Nyca Partners and Motive Partners will accelerate platform development and team expansion to meet growing demand among family offices

Asseta AI, a purpose-built accounting platform powering the next generation of family offices, today announced a $4.2 million seed funding round co-led by Nyca Partners and Motive Partners.

Asseta AI’s growth reflects the accelerating demand from family offices looking for technology designed for their unique needs. The platform now supports more than $10 billion in assets, and the company has experienced significant year-over-year ARR growth. Adoption has been especially strong among larger family offices, with nearly one-third managing over $1 billion.

The seed capital will be used to accelerate Asseta AI’s product roadmap and team expansion as the company scales to meet rising demand among family offices managing complex, multi-entity portfolios.

At the center of this effort is The Intelligent Family Office Suite™, Asseta AI's platform built to modernize how family offices manage accounting, reporting, and data governance. In the months ahead, the company will broaden its engineering and customer success teams and roll out new applications that enhance forecasting, planning, and performance insights. Together, these investments will deepen visibility, improve decision-making, and further modernize how family offices manage their financial operations.

“The wealth-transfer wave and the proliferation of ultra-high-net-worth families today means family offices must operate with the rigor of a public company and the agility of a startup,” said Dean Palmiter, Co-founder and CEO of Asseta AI. “Yet the infrastructure hasn’t caught up. Asseta AI’s purpose-built architecture closes that gap. With this new funding, we’re looking forward to expanding our engineering and customer success to move beyond the core general ledger and deliver more advanced modules that give family offices the flexibility and control they deserve.”

“Our goal has always been to build an intelligent platform that evolves with our clients,” said Daniel Kennedy, Co-founder and Chief Technology Officer at Asseta AI. “This funding enables us to accelerate development of new modules and strengthen the core architecture, ensuring family offices have a scalable system that adapts to their growing complexity and data needs.”

“Asseta AI leverages the significant progress in horizontal AI infrastructure to deliver a best-in-class vertical product,” said Harsh Govil, Partner, Ventures at Motive Partners. “Family offices have long been left behind by legacy systems, even as their operational needs have grown more complex. We believe Asseta AI represents the next era of family-office infrastructure, delivering a core system that supports multiple entities, complex capital structures, and true visibility. The company’s vision and execution perfectly aligns with Motive Partners’ mission to drive innovation and reshape the future of finance.”

“At Nyca, one of our core investing theses is around 'Finding the Efficient Frontier between Man and Machine,'” said Jasleen Kaur, Partner at Nyca Partners. “This next frontier within wealth management lies in the intelligent orchestration of financial data that will enable precise and automated next best actions. Asseta AI exemplifies that vision by bringing institutional-grade technology and AI capabilities to the family office ecosystem, a space that’s long been underserved by innovation. We’re thrilled to support Dean and the Asseta team as they redefine how the modern family office will operate.”

About Asseta AI

Asseta AI is The Intelligent Family Office Suite™, a purpose-built accounting platform designed for family offices managing complex, multi-entity wealth. Founded in 2023 by experienced financial technology professionals, Asseta AI brings modern architecture and intuitive design to a market long underserved by traditional enterprise systems. The platform replaces error-prone spreadsheets and overbuilt legacy software with an integrated system that combines multi-entity accounting, dimensional reporting, and enhanced data governance. Asseta AI empowers family offices to operate efficiently, securely, and insightfully in an era of generational wealth transfer and digital transformation. For more information, visit www.asseta.ai.

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