Elinvar: Gets Goldman Sachs injection

Elinvar: Gets Goldman Sachs injection

Elinvar: German wealth tech, gets Goldman Sachs injection

  • Founded in 2016 in Berlin, Elinvar is the digital platform for asset and wealth managers
  • Elinvar completed a €20 mn funding round of a specified amount to expand its shareholder base
  • Its two existing investors Ampega Asset Management and Finleap both contributed to the round
  • Elinvar will use the investment to further grow its team and to expand its offer to more European countries
  • The Goldman Sachs Principal Strategic Investments group was lead investor for the investment round, which is subject to the approval of BaFin
  • It focuses on B2B2C, enabling its partners to digitalize their business models