73 Strings, a Paris-headquartered private markets technology firm, has opened an office in Singapore, its first in Asia-Pacific, according to an announcement.
The company, which sells software that uses artificial intelligence to extract and label data from documents and automate parts of valuation workflows, said the Singapore base would serve clients across Southeast Asia, Australia, and the wider region.
The move comes as alternative asset managers in the region step up efforts to standardise valuations and portfolio monitoring amid heavier reporting demands, the firm added.
Chief executive and co-founder Yann Magnan said Singapore’s role as a hub for alternative asset managers made it a logical base for expanding in the region, as firms look for more technology-enabled operating models.
“As firms scale across strategies and geographies, the need for a more standardized and technology-enabled operating model becomes critical,” said Magnan.
73 Strings said it has already secured early traction in the region, including onboarding a sovereign wealth fund as a client. It did not name the fund, or disclose how much revenue it expects from Asia-Pacific.
The company’s platform is used by private market firms across strategies, including private equity, growth equity, venture capital, infrastructure, and private credit, per the announcement.
73 Strings raised $55 million in a Series B round in February 2025, led by Goldman Sachs, with participation from investors including Blackstone Innovations Investments, Golub Capital, Hamilton Lane, and Broadhaven Capital, alongside Fidelity International Strategic Ventures.
Headquartered in Paris, the company maintains a global presence with offices in New York, San Francisco, London, Paris, Bengaluru, Hyderabad, Abu Dhabi, Riyadh, and now Singapore.
