Berlin-based WealthTech startup NAO has successfully secured €3.4 million in seed funding from a mix of family offices, private investors, and existing backers, including FinTech veteran Jakob Schreyer and VC firm Zeitgeist X Ventures.
NAO, which recently won the FinTech Germany Award, operates an app-based co-investment platform focused on alternative investments. This initiative opens up access to asset classes such as private equity, infrastructure, and hedge funds, which were traditionally available only to wealthy individuals or institutional investors.
Founded in mid-2023, NAO has formed partnerships with banks and asset managers including Baader Bank, Chartered Investments, FERI, UniCredit, UBS, and Vontobel, and has expanded its operations into Austria.
The company reports that ‘several thousand’ users are now engaging with the NAO investment app, with an average investment of around €10,000.
Founder and CEO Robin Binder stated, “Everyone should be able to invest in alternative asset classes like private equity as easily as they do in stocks or ETFs. That’s why we’ve created the first broker for private and alternative investments. The trust of our investors is helping us realize our vision. With this new capital, we aim to attract more top asset managers as partners, grow our international customer base, and leverage our technology to transform a previously illiquid market into a liquid one.”