Investment management platform Quoroom has merged with portfolio management software company Investory.io.
The merger will help streamline the capital-raising process for venture capital funds, angel syndicates, and startup founders.
Headquartered in London, Quoroom made its Finovate debut at FinovateEurope 2023.
It’s been M&A week here on the Finovate blog! Over the past few days, we’ve highlighted merger and acquisition activity from a pair of alums: nCino’s purchase of Full Circl and Array’s acquisition of fellow Finovate alum, Payitoff. For those looking for a silver lining among the VC funding slowdown in fintech, M&A activity like this might do the trick.
Here’s another fintech M&A announcement that almost slipped beneath our radar. Quoroom, an investment management platform that provides end-to-end fundraising and cap table management software for private companies, has merged with Investory.io.
Investory.io provides portfolio management software that facilitates structured and data-driven communication between investors and startups. With more than 3,000 company accounts and 6,500 investor accounts (including more than 1,000 institutional investors and 4,000 angel investors) on its platform, Investory.io leverages data and AI to enable data-driven portfolio decision-making for investors and simplified investor reporting for startups.
Quoroom’s technology provides an investment workflow that covers every aspect of a company’s lifecycle, from building an investor pipeline to legal completion. By giving investors a singular “source of truth” on deal flow and the metrics of portfolio companies, Quoroom helps companies stand out from the crowd and raise capital faster.
The strategic merger between Quoroom and Investory.io will help unify a fragmented market for venture capital infrastructure and analytics. Quoroom users will be able to leverage the integrated functionality of Investory.io to manage investor updates and cap tables in one place. At the same time, angel syndicates and venture capital funds will benefit from being able to manage fundraising, SPVs, portfolios, and LP reporting from within a single investment management platform.
“With this acquisition, Quoroom users can now manage cap tables, investor relations, and fundraising activities all in one place, making the process more efficient and effective,” the company noted on its LinkedIn page earlier this month when the deal was first announced. Quoroom added separately that it plans to offer “enhanced functionalities in the coming months” to further streamline investment management and make investor relations operations more efficient.
Headquartered in London and founded in 2018, Quoroom made its Finovate debut at FinovateEurope 2023. At the conference, the company demoed its latest suite of investor relations tools, including enhanced investment recommendations, the ability to automatically visualize company financial metrics, and investor updates to keep shareholders informed during funding rounds.
We interviewed Quoroom CEO and CoFounder Ulyana Shtybel last summer as part of our Finovate Global interview series.
Photo by energepic.com
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