Pactio, a UK-based fintech focused on the private equity (PE) market, has successfully completed an £11 million Series A funding round.
Founded in London in 2021, Pactio offers deal tracking and risk management software tailored for private capital investors. The recent surge in interest rates and declining yields in equities and fixed income markets have prompted many investors to explore private and alternative asset classes, such as private equity, in search of better returns.
Historically, the technology infrastructure within the PE market has lagged behind that of more established asset classes. This technological gap was a key motivator for Eric Heimark, a former private equity investor and the CEO of Pactio, to establish the company.
“Private markets are evolving into one of the largest and most complex asset classes in the world, yet this progress is being impeded by reliance on manual workflows and a tech stack that’s 30 years out of date,” Heimark stated. “It troubled me that the quality of tech does not match the sophistication of workflows and the talent of the parties involved.”
The Series A funding was led by EQT Ventures from Sweden, with additional contributions from former Stripe Europe CEO Matt Henderson and Volt founder Tom Greenwood.