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Allocations has raised $5.0M across 2 funding rounds.
Key people at Allocations.
Allocations has raised $5.0M in total across 2 funding rounds.
Based in Miami, Florida, Allocations is a financial technology company that provides software and APIs to help private equity fund managers, angel groups, and family offices streamline the creation and administration of special purpose vehicles and private funds. The platform automates back-office legal, tax, and banking processes, charging flat rates for fund formation and ongoing administration to enable faster deal execution. The company has surpassed $1 billion in assets under administration, supporting over 1,000 funds and serving more than 10,000 private wealth clients. Allocations serves a customer base that includes Backstage Capital and Vitalize Venture Group, while its investor syndicate features Flex Capital, Digital Horizon, and Genesis Accel. The enterprise reached a $150 million valuation after securing a $5 million funding round, bringing its total capital raised to $12 million. Allocations was founded in 2019 by Kingsley Advani.
Key people at Allocations.
Allocations has raised $5.0M across 2 funding rounds. Most recently, it raised $4.0M Seed in August 2021.
Allocations is a Miami-based fintech company that provides an API-driven platform to help private fund managers launch and manage special purpose vehicles (SPVs), funds, and alternative investments like private equity, real estate, and crypto 10x faster by automating legal, banking, compliance, and investor onboarding processes.[2][5] It serves venture capital funds, family offices, angel groups, and solo GPs—representing over 10,000 private wealth clients—with $2B+ in assets transacted and tools that lower investment minimums and streamline operations.[2][4][5] (Note: Search results distinguish Allocations from a separate Palo Alto company "Allocate," which focuses on AI-driven private market OS for advisors; this profile centers on Allocations as the queried technology company.[1][2])
The platform solves key pain points in fast-paced private markets, such as slow fund setup and administrative burdens, enabling managers to stay competitive amid surging demand for alternatives.[2][5]
Allocations was founded in 2019 by Kingsley Advani, who drew from his experience managing over $1B in assets across private and public markets, investing in 200+ companies (including unicorns like SpaceX, Coinbase, and Robinhood), and running 20+ funds since 2013.[2][4] Advani started the company after facing challenges spinning up investment funds quickly with existing tools, realizing the need for automation to match the speed of modern private markets.[2]
Early traction came swiftly: by 2022, it hit $1B in assets under administration, raised $12M total funding (including a $5M round at $150M valuation from customers like Flex Capital), and served diverse managers from Backstage Capital to family offices.[2] The team brings 60+ years of private equity experience, servicing 10,000+ funds.[4][5]
Allocations rides the explosion in alternative investments—private equity, real estate, crypto—democratizing access for smaller investors and solo GPs amid a shift from traditional VC models.[2] Timing aligns with post-2020 surges in deal speed needs, where slow admin hinders competitiveness; market forces like retail interest in privates (e.g., via SPVs) and regulatory easing favor API platforms.[2][5]
It influences the ecosystem by enabling faster capital deployment to startups, reducing barriers for underrepresented managers, and setting a "new standard" for fund tech as testified by users—potentially consolidating fragmented tools in a $trillion private markets space.[2][5]
Allocations is positioned for hypergrowth, leveraging its $2B+ scale and API moat to expand into larger platforms and more asset classes like private credit.[2][5] Trends like AI automation in fintech, rising solo GP funds, and tokenized alternatives will accelerate adoption, potentially pushing AUA past $10B as private markets digitize. Its influence may evolve from niche enabler to infrastructure layer, empowering the next wave of innovation economy investors—bridging the gap from idea to deployed capital at unprecedented speed.
Allocations has raised $5.0M in total across 2 funding rounds.
Allocations's investors include 040 Capital, 305 Ventures, Adapt Ventures, AirAngels, Alumni Ventures, Andreessen Horowitz, Authentic Ventures, Bessemer Venture Partners, BoxGroup, Browder Capital, Capital Factory, CapitalX.
