CAIS raises $225M led by Apollo and Motive Partners at a $1B+ valuation
On January 11, 2022, CAIS announced a $225 million funding round led by Apollo and Motive Partners, with additional investment from Franklin Templeton, valuing the company at more than $1 billion. Motive Founding Partner Blythe Masters and Apollo Managing Director Andrew Gosden joined the CAIS board.
CAIS is a New York-based alternative investment platform that connects financial advisors with alternative investment products, education and execution. The company said it had doubled headcount over the prior year as transaction volume grew 65% and platform users grew 60%, and that the proceeds would fund technology, customer experience, digitized product operations and strategic opportunities. Motive said the investment would accelerate CAIS's move to a flexible, cloud-based architecture.
