We are delighted to share news of the latest milestone Eton Solutions has met on our journey of growth and development. Recently, we announced the status of our Series C Funding Round. Our newest investor, Navis Capital Partners, led this funding round. Navis manages approximately $5 billion and contributes capital and management expertise to a limited number of well-positioned companies. With their support, Eton Solutions has secured $38 million thus far in this Series C round!
Eton Solutions’ partnership with Navis, one of Asia’s largest private equity teams, will enable us to fast-track product development and stability, increase internal resources, and help us establish our international headquarters in Singapore. Navis brings deep operational excellence, insights, and relationships to our fast-growing company. The support of Navis, and the support of all our investors, is a testament to our vision that AtlasFive® is integral to the family office of the future.
We look forward to accelerating the progress toward achieving our goals with this funding and our new partnership with Navis.
Eton Solutions continues to grow with over 30 customers and more coming onboard every month!
We recently transitioned our implementation and onboarding process to be more standardized. This enables us to successfully move a new client that is purchasing a standard version of AtlasFive from signing the contract to full operations within 90 days. This 90-day achievement for setting up a complex, integrated Investment, Tax Classification, Capital and General Ledger system for family offices is an industry first. It will serve as a great differentiator for us and allow new clients to rapidly see the benefits and capabilities of their investment. We’ll continue to streamline our onboarding process to ensure that each client has a seamless and efficient transition to the AtlasFive platform.
Every family office is indeed unique in some ways. However, many workflows and processes are the same. This concept is what has enabled us to achieve a 90-day implementation benchmark. By standardizing our product offering and developing standard system configurations, we can allow family offices to use industry best practices and workflows. This allows the family office to only customize the meaningful aspects of their business, such as Chart of Accounts, Security Master Setups, and Standard Investment and Accounting reports. We also now streamline payment integration with banks and provide the ability to use data and payment aggregators with preexisting inbound data feed connectors to custodians.
Our new white paper, Enterprise-Level Operations for a Family Office, discusses the concept of standardization within family offices at length—be sure to take a look!
We’re looking forward to a strong second half of 2022. Thanks for your support of Eton Solutions and AtlasFive!