Light Frame, which develops core banking and portfolio management software for the wealth management industry, has raised $5.1 million in an oversubscribed seed funding round led by Fortino Ventures, with participation from Sidekick Partners, Tenity, Chamaeleon and AltaIR Capital, alongside existing investors Rogue Venture Partners, New Stack Ventures and Studio Alpha, as Vestbee was informed.
- Founded in 2024 by Schuyler Weiss, Mathieu Clément, Philippe Kernevez and Gregory Bataille, Light Frame provides cloud-native banking and portfolio management software for private banks, wealth managers, asset managers and family offices.
- Its modular platform combines banking and investment tools with AI capabilities and an API-first architecture, allowing financial institutions to modernise their existing infrastructure and automate operations.
Details of the deal
- With the fresh capital, the company aims to further develop its platform, expand its client implementation capacity and grow its commercial operations across EMEA.
"We are excited to back a team that is exceptionally credible in this space. Schuyler and the team have run a regulated Swiss bank on the kind of infrastructure they are now replacing. For a bank, moving sensitive data and live operations onto a new platform is an act of trust, and this team has earned the right to ask for it," claims Hugh Phelan, Investment Manager at Fortino Ventures.
