German wealthtech NAO secures €1M+, adds Karl Alomar to advisory board

Berlin-based NAO, a co-investment platform, has raised over €1M in a second closing of its seed financing round, bringing the total to €4.5M.

Serial entrepreneur Jens Hilgers, Founding General Partner of BITKRAFT Ventures, is among the investors in this round. Before this investment, the company raised €3.4M in seed round funding in December 2024.

Additionally, the Berlin-based wealthtech has appointed Karl Alomar from US venture capital firm M13 to its Advisory Board. Alomar brings experience as a strategist and investor.

Jens Hilgers, Founding General Partner BITKRAFT Ventures, says, “New generations of investors are increasingly managing their assets independently and are actively seeking access to asset classes beyond the public markets. With NAO, Robin and his team have developed an excellent product that serves this trend.”

“NAO’s success lies in ease-of-use, transparency and trust. I am convinced that NAO reflects these qualities and will give alternative assets a new lease of life with its approach.”

A co-investment platform for private and alternative investments

Founded in 2022 by Robin Binder, Philipp Nowakowski, and Amel Hasanovic, NAO is a co-investment platform designed to provide access to private and alternative investments. 

The company aims to liberalise investment and help individuals build long-term wealth. The platform offers carefully selected investment opportunities that were previously available only to a small financial elite.

The company collaborates with established banks and asset managers, including Baader Bank, BNP Paribas, Chartered Investments, FERI, Moonfare, Partners Group, UBS, UniCredit, and Vontobel. 

NAO has been active in Germany since mid-2023 and expanded to Austria in August 2024. Several thousand customers use the platform, with an average investment of around €10,000. The platform enables individuals to invest in alternative asset classes with a minimum amount of €1,000.

In 2024, NAO introduced B2B solutions for venture capital investments in partnership with Chartered Investment. The platform enables investments across six asset classes and is supported by financial institutions such as Moonfare, UniCredit, BNP Paribas, UBS, and Partners Group.

Founder and CEO, Binder, says, “The second closing of our seed round supports us in the strategic development and expansion of NAO. We see ourselves as clear pioneers of a trend that is now also being adopted by major players in the market. The trust of additional investors confirms the success of our business model and our vision.”

Strategic reinforcement

NAO has added Karl Alomar to its Advisory Board, bringing international expertise to the team. Alomar is a Managing Partner at M13, a US-based VC firm and has extensive experience in growing technology companies.

Alomar explains his engagement as a new Advisory Board member, “NAO addresses the need to democratise access to unique investment opportunities and has proven an impressive product-market fit with its platform. The product offers great potential as it grows internationally, with consumers looking to take advantage of the access offered.”

NAO founder and CEO, Binder, adds, “The expertise of a globally successful founder and investor who now stands at the helm of a globally leading VC helps us to scale our business model more sustainably and efficiently.”