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Simon Markets: Raises $100M in Series B Funding

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
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