As VCs know well, Fund Ops involves a constant stream of manual backend processes and individual LP communications, eating up hours and frustrating the people on both sides of the table. Passthrough’s workflow automation and seamless onboarding process for investors in private funds is fundamentally enabling a new generation and modern experience of private market investment.
Today, Passthrough announced it has raised its $10 million Series A round. Its platform enabling simplified access, onboarding, verification/authentication, and reporting for investors and the funds that manage them is bridging the divide between old school private markets and a better, more efficient experience for all. We're excited about the work the Passthrough team is doing—read more in TechCrunch today about Passthrough's mission to make investing into funds a one-click checkout experience.