The US-headquartered firm's technology is, it says, modernizing the way single-family offices operate.

Eton Solutions, a technology business working with family offices, has wrapped up its $58 million series C fundraising round, using the money to sustain growth momentum. 

The firm, established in 2015 and based in the US, is expanding rapidly, it says. The client base has grown by 340 per cent, across 15 countries and its revenue has more than quadrupled. Over the last 10 years, it has invested $50 million to develop its core and upcoming product releases. The company has 425 employees.

The fundraise was led by repeat investor Navis Capital Partners, a private equity firm focused on companies in high-growth markets and with an edge in their industries. 

“The company will use the funding to, among other initiatives, build on the momentum it has created among ultra-high net worth family offices with the release of three new products and new AI use cases across its full suite of products,” Eton Solutions said.

Forthcoming products will serve a broader range of ultra-high net worth levels, beginning with individuals with $25 million or more in assets. They will also serve an expanding client base for the company, now consisting of single and multi-family offices, private equity firms, funds, RIAs and business managers, Eton
Solutions said in a statement.  

Like other technology firms, Eton Solutions is delving into the use cases for artificial intelligence. To convey the scale of what AI can do, when allied with a modern platform, Murali Nadarajah (pictured below), chief information officer at Eton Solutions, told this publication in March that his firm has identified no fewer than 260 processes, such as data management, reporting and payments, that can be automated.

Murali Nadarajah

Rising tide
The firm is surfing a rising wave: The growth of ultra-HNW families and individuals has boosted the number of family offices worldwide. According to Deloitte, the number of single-family offices worldwide hit 9,030 last year and will reach 10,720 by 2030. These family offices currently manage an estimated $3.1 trillion in assets. 

Eton Solutions is headquartered in Research Triangle Park, North Carolina, and has its international HQ in Singapore, with a presence in the US, Asia-Pacific, Europe and the Middle East.

The company’s enterprise resource planning (ERP) platform is also used as a white-labeled solution by institutional clients who manage complex liquid and alternative investments for their clients.

Eton Solutions said its flagship platform, AtlasFive®, is used by more than 850 of the world’s wealthiest families.

In May 2024, Eton Solutions launched what it said was an industry-first Administrative Family Office (AFO)™. This is for ultra-high net worth families, starting from $25 million in assets, offering the same capabilities as large SFOs. Eton Solutions was created by Eton Advisors, a multi-family office.