Fintech firm Halo Investing raises $100m Series C from Owl Capital, Mubadala

Photo: Bloomberg

Financial technology firm Halo Investing said on Tuesday it had raised over $100 million in “Series C” funding from investors such as Owl Capital and the $1 billion Abu Dhabi Catalyst Partners, which is backed by state fund Mubadala.

Other investors that took part in the fundraising included Allianz Life Ventures and William Blair, it said in a statement.

Series C funding is one of the stages in the capital-raising process by a startup.

Chicago-based Halo will use the proceeds to continue to expand access to innovative protective investment options that can increase savings and investment returns for individuals.

Halo enables financial advisers to add structured notes, annuities, and buffered Exchange Traded Funds to client portfolios, giving investors access to investments that bridge the risk gap between stocks and bonds.

In the past, these investments were only available to high-net-worth individuals.

“We are building a one-of-a-kind technology platform to level the playing field for investors,” said Biju Kulathakal, co-founder and CEO of Halo.

Halo plans to invest in new markets, enter into more distribution channels, expand into new asset classes, and further disrupt protective investing, it said.

Abu Dhabi Catalyst Partners was established in 2019 as a joint venture between Mubadala Investment Company and U.S. alternative asset manager Falcon Edge Capital.

Reuters

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.

Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.