Vestmark, the Wakefield, MASaaS provider of wealth management solutions for financial advisors and institutions, closed a $30m investment from the private equity fund, Summit Partners.
Vestmark said it raised $30 million of growth financing from Summit Partners. Vestmark will use the capital to invest in sales, marketing, and software development. Vestmark Secures $30 Million in Growth Financing from Summit Partners to Accelerate Leadership Position in Wealth Management Technology Vestmark, the leading SaaS provider of comprehensive unified wealth management solutions for financial advisors and institutions, today announced that it closed a $30 million dollar investment from global growth equity investor Summit Partners. Vestmark will use the new funding to accelerate growth by increasing investment in sales, marketing, and software development. It will also provide the company with greater flexibility to explore strategic opportunities and international markets.