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Apollo and Motive lead £16m Series A for Vega to scale AltOS, a client service platform for alternative asset managers

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Vega
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Alexis Augier
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Apollo; Motive; Picus Capital; Citi Ventures
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£16m
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London, United Kingdom
Nov 12, 2024

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Vega, a fintech company focused on alternative investment technology, has raised £16m in a Series A round led by Apollo and Motive, with participation from Picus Capital, Citi Ventures, and 60 senior executives in the alternative investment industry. This brings Vega’s total funding to over £22m. Apollo has also become an enterprise-scale anchor client, utilising Vega’s AltOS platform for its institutional, family office, and global wealth operations, and contributed its employee investment platform, Edna, to accelerate Vega's growth.

Founded by Alexis Augier and industry veterans from firms like KKR, Blackstone, and Goldman Sachs, Vega is creating AltOS, a unified operating system for alternative asset managers. AltOS aims to streamline client service operations across pre-trade, execution, and post-trade processes while enabling scalable “Alternatives-as-a-Service” distribution through APIs.

The funding will support Vega’s mission to transform private markets by replacing fragmented solutions with scalable infrastructure, addressing inefficiencies in alternative asset management. This investment positions Vega as a key innovator in the growing alternatives market, responding to increasing investor demand for private market exposure.