Tallinn-based Raison, a mobile app for operations with investments and personal finance, announced that it has reached $30M (approximately €27.88M) in valuation after merging with Raison Asset Management, a US SEC-regulated investment company.
The new valuation of Raison is up from the previous $11.5M. This was confirmed by an Estonian venture capital firm Server Partners, who invested in the Raison app in 2021’s financial round.
Raison app uses a special investment fund to purchase companies’ shares. The fund is managed by a parent company, Raison Asset Management, which currently manages over $50M of assets.
Making venture investing simple
A complete wealth management platform will be developed by the combined company with a new unified visual identity, for both retail and HNWI investors.