Simon Markets Raises $100M in Series B Funding
- Simon Markets LLC, a NYC-based digital wealth management platform for financial professionals, closed the first leg of a strategic financing round of up to $100m of growth capital
- The Series B round was led by WestCap, with participation from existing investors
- Additionally, WestCap Partner and former Ipreo President and COO Kevin Marcus is joining Simon’s Board of Directors
- The company intends to use the funds to further advance its core offering across structured investments and annuities
- The company provides a technology platform that streamlines the work of financial professionals, enabling them to explore alternative investment solutions
- The company also has an additional location in Birmingham, AL
