2016 Milestones Position Vestmark as 2017’s Leader in Wealth Management Technology

Wakefield, MA  |  February 6th 2017

As 2016 drew to a close, Link Ventures was pleased to add Vestmark, Inc. to its growing portfolio. The addition was accomplished through a special purpose vehicle (SPV) that allowed Link to participate in Vestmark’s Series 9 fundraising round. The investment capped an exciting year for the leading SaaS provider of wealth management technologies, which today services over 2 million investor accounts representing over $600 billion in assets.

Summit Partners

In addition to achieving rapid client growth and laudable industry recognition in 2016, Vestmark closed a $30 million dollar investment with Summit Partners, a global growth equity investor. Summit has invested in over 400 companies in technology, healthcare, and other growth sectors, leading to more than 135 public offerings and 150 acquisitions. Christopher Dean, a Managing Director of the firm, explained that “Summit has a history of backing market-leading innovators in many different industries.” He added that their investment in Vestmark allows them “to support an exceptionally innovative company, one that is truly helping to advance the delivery of critical financial advice.”

Link welcomed the opportunity to supplement the Summit-led funding round through its SPV. The additional funding enhances Vestmark’s ability to maintain its rapid growth pattern, and to explore additional avenues for expansion. As mentioned in the company’s press release, its “goal is to enable top tier financial institutions to scale delivery of their advice across all channels and client relationships.” John Lunny, the CEO of Vestmark, stated that he and his team “will continue to set the standard for financial technology innovation as [they] advance [their] offering and address new markets.” A key member of that team is CFO Tiffany Freitas, who was named one of Boston Business Journal’s 40 under 40 for 2016.

Against the backdrop of last year’s milestones, Link Ventures looks forward to a strong relationship with Vestmark during 2017!