Moonfare is a digital investment platform that secures allocations in private equity and venture capital funds that generally have very high minimum investments or are offered only to institutional investors.[1] Moonfare, splits these investments into smaller tranches using feeder fund vehicles, and makes them available to investors at lower minimums.[2] Moonfare has offered funds with minimums of £50,000 in the UK,[3] €50,000 in Europe,[4] and $75,000 in the US[5]
Moonfare operates in 22 countries[6] from its headquarters in Berlin, Germany and its offices in the UK, USA,[7] Luxembourg, Paris,[8] Zurich,[9] Singapore,[10] and Lisbon. As of November 2022, the business had 200 employees. The company’s investors include Insight Partners, Fidelity International, Vitruvian Partners, Bordier & Cie, ProSiebenSat.1 Media SE’s former chief executive officer Thomas Ebeling, former KKR & Co. partner Henrik Kraft and ex-BC Partners chairman Jens Reidel.[11]
History
Moonfare was founded in 2016 by Dr. Steffen Pauls, Heinrich von Liechtenstein, and Alexander Argyros.[11]
In 2019 Alexander Argyros withdrew from his operational responsibilities.[12]
In January 2022, Moonfare launched its operation in the US and opened its NY office.[7]
In April 2022, Moonfare launched operations in Singapore.[10]
In October 2022, Moonfare launched operations in Paris[8] and Zurich.[9]
Moonfare reached €500m in assets under management in 2020,[13] €1bn in AuM in 2021,[14] €1.5bn in AuM in March 2022,[15] €2bn in AuM in July 2022,[3] and €3bn in AuM in June 2024.[16]
In September 2023, Marine Eugène joined Moonfare as Chief Commercial Officer.[17]
Funding
In 2019, Moonfare raised a two part Series A round with a combined cash raise of $28m.[11]
In March 2021, Fidelity International, a $706bn asset manager, bought a minority stake in Moonfare in a Series B financing round.[18]
In November 2021, Moonfare raised another $125M (approximately €105m) round in a Series C financing round led by Insight Partners and with participation of earlier investor Fidelity International.[19]
In March 2022, €35m were invested led by London-based Vitruvian Partners.[20]
In February 2023, Moonfare raised $15m in its Series C extension round.[19]
Partnerships
In June 2020, German bank Berenberg partnered with Moonfare to launch a private equity fund offering for its private clients.[9]
In March 2021, Fidelity International formed an exclusive distribution pact with Moonfare, with an agreement focusing on institutional and wholesale clients.[21]
In July 2021 German liability umbrella provider Fondsdepot Bank began a partnership with Moonfare.[22]
In December 2021, private banking house Bordier & Cie entered into a partnership with Moonfare to boost the private equity offering for its private clients.[23]
In March 2022, investment and deposit marketplace Raisin DS partnered with Moonfare to add private equity as an asset class to its platform.[24]
Lexington Partners, with $52bn in committed capital, participates as a buyer of stakes in Moonfare funds, providing Moonfare fund investors with liquidity potential twice each year.[25]
