Pactio Raises $14M to Advance Digital Infrastructure for Private Markets
Pactio, a London, UK-based digital infrastructure for private markets, recently announced that it has raised $14M in Series A funding. The round was led by EQT Ventures, with participation from notable founders such as Matt Henderson, Volt founder Tom Greenwood, Tom Blomfield, Matt Robinson, Charles Delingpole, Jim Freis, Charlie Songhurst, Weiheng Zhang, and Entrepreneur First. This injection of capital will help the company extend its digital architecture across the whole investment lifecycle and enhance its AI offering.
CEO Eric Heimark leads Pactio, which provides a solution that streamlines private capital flows by integrating advanced technology, including AI, directly into deal creation and closing workflows.
By digitizing transactions from the beginning, the company aims to address the root causes of complexity, de-risk workflows, and establish digital foundations for the entire investment lifecycle. Over the past year, Pactio has facilitated transactions with a total enterprise value of $10.7 billion across various jurisdictions and asset classes.
Eric Heimark commented on the recent funding, stating, "Private markets are evolving rapidly into one of the largest and most complex asset classes globally. However, this progress is hindered by manual workflows and outdated technology. As a former PE investor and software engineer, I saw the need for improvement in tech quality to match the sophistication of workflows and parties involved. Investment teams deserve better, and digital transformation can significantly enhance the quality of work, reduce risk, and further develop the private markets industry."
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