Allocate Closes 2025 with Record Growth, Serving 325+ Wealth Advisory Firms
Allocate, a private markets infrastructure platform serving wealth advisors and fund managers, closed 2025 with 325 wealth advisory partnerships representing over $1 trillion in combined AUM across those firms. The platform grew to $3.4B in assets – a 350% increase year-over-year – while client adoption of Allocate’s platform rose 270%.
Allocate Raises $30.5 Million Series B to Modernize Private Market Investing
Allocate today announced the close of a $30.5 million Series B round, bringing the company’s total capital raised since inception to $64 million. The company, which has over $2.5 billion in assets on platform, was backed by Portage Ventures with participation from Andreessen Horowitz, M13, and Fika Ventures.
Allocate Announces Strategic Asset Acquisition of The Coterie’s Platform, Advancing the Vision for the Operating System of Private Markets
Allocate, building the operating system for private market investing, today announced that it has acquired the technology and platform assets of The Coterie, a fintech leader focused on making private markets more efficient and transparent for fund managers and their investors. This asset acquisition marks a significant milestone for both companies and accelerates Allocate’s mission to deliver modern digital infrastructure for private market participants.
