French AI-powered financial intelligence platform 73 Strings raises €52.7M from Goldman Sachs, Blackstone, others

Paris-based 73 Strings, an AI-powered financial intelligence platform, has secured $55M (approximately €52.72M) in a Series B round of funding.

Goldman Sachs Alternatives’ Growth Equity led the round, with continued backing from Blackstone Innovations Investments and new participation from Golub Capital, Hamilton Lane, and Broadhaven Ventures. 

Jade Mandel, an investor at Goldman Sachs Alternatives’ Growth Equity, who is joining the Board of 73 Strings, says, “73 Strings’ intelligence platform is designed to help Alternative Asset Managers adapt to the increasing complexity of private markets investing.”

“By accelerating the adoption of modern data architecture and flexible, efficient workflows, 73 Strings is positioning itself as a software inflection point for the private markets industry. We are excited to support this team and their innovative vision of transforming how private capital firms use data and intelligence and drive decision-making.”

Capital utilisation

The investment will drive 73 Strings’ development of industry-first solutions to enhance valuations, decision-making, and intelligence for private capital firms:

• Building smarter systems with LLMs: Leveraging Large Language Models (LLMs) to create intelligent AI systems that generate custom insights for faster, data-driven decisions.
• Benchmarking & Predictive Analytics: Integrating advanced analytics to compare performance, assess trends, and enhance strategic decision-making.
• Portfolio Simulation: Introducing tools for sensitivity analysis and exposure modelling to improve risk management and portfolio valuation.
• Advanced Dashboards & Analytics: Developing an intuitive dashboard engine tailored to private capital data for deeper insights and more efficient portfolio monitoring.

Abhishek Pandey, co-founder and Deputy CEO, says, “We’re proud to have the trust of world-class investors and global clients who share our vision and are helping set the industry standard with 73 Strings.”

“This investment accelerates our mission to push the boundaries of what’s possible, delivering next-generation solutions that bring unrivalled intelligence, efficiency, and innovation to the private capital markets.”

Redefining valuations and monitoring with AI

73 Strings is an AI-powered platform that optimises data extraction, monitoring, and valuation for the private capital industry. It streamlines middle-office processes, ensuring seamless data structuring, monitoring, and fair value estimation.

The company serves global clients in private equity, growth equity, venture capital, infrastructure, and private credit and supports asset managers overseeing over $9T.

73 Strings operates internationally with offices in New York, London, Toronto, Bengaluru, and Riyadh. Its leadership team brings deep expertise in private assets, backed by a global advisory network with over 300 years of combined experience.

Yann Magnan, co-founder and CEO, says, “This Series B is a pivotal milestone for 73 Strings. There is exponentially greater demand for alternative asset markets, and managers need similarly greater flexibility to understand their portfolio performance.”

“Our teams are working day and night to create the best data extraction, monitoring and valuation tools for these markets so that every participant – from allocators to managers to retail investors – can benefit from a more holistic, efficient and intelligent understanding of their investments as they focus on value creation.”

“The trust of Goldman Sachs and Blackstone, coupled with support from Golub Capital, Hamilton Lane, Fidelity International Strategic Ventures, and Broadhaven Ventures underscores confidence in our technology, team, and vision.”

What do the investors have to say?

Stevi Petrelli, Head of Blackstone Innovations Investments, says, “As private markets continue to grow rapidly in scale and complexity with assets requiring more frequent reporting, the need for more data, benchmarks, and analytics around asset valuations becomes essential for investors seeking greater transparency in their private market portfolios.”

“In order to meet this need, we reviewed all of the leading solutions and selected 73 Strings as the best-in-class solution for operating at scale. Today, 73 Strings supports Blackstone’s valuation and portfolio monitoring processes across the majority of our businesses.”

Blackstone Innovations Investments strategically invests in early-stage fintech, proptech, cybersecurity, and enterprise tech companies with strong potential for collaboration with Blackstone.

Griff Norville, Head of Technology Solutions at Hamilton Lane, mentions, “At Hamilton Lane, we are dedicated to investing in companies like 73 Strings that empower investors to make informed, data-driven decisions.”

“Through this strategic partnership, we aim to enhance private company data capture and analytics, increase the frequency and depth of our reporting, and improve our readiness for new investment product development and distribution.”