19 Thriving Hedge Fund Companies & Startups (2024)
You may also like:
The projected market size for assets under management in U.S. hedge funds is $5.37 trillion by the year 2028. This year alone it's scheduled to hit $4.7 trillion and grow at a CAGR of 3.14%.
With the onset of cryptocurrency hedge funds, hedge fund managers are now creating new investment strategies, investment funds, and hedge fund startups.
We’ve rounded up some of the best hedge fund startups to keep an eye on in 2024.
1. Titan
5-year search growth: 164%
Search growth status: Exploding
Year founded: 2018
Location: New York, NY
Funding: $73M (Series B)
What they do: As an investment firm, Titan offers capital management services through experienced institutional investors. The company claims to have veteran Wall Street investors, money managers, and fintech experts drive its investment management services. According to their website, Titan currently works with more than 50,000 clients, managing $750M in assets and investments.
2. GenesisAI Corporation
Search growth status: Peaked
Year founded: 2018
Location: Boston, MA
Funding: $5.1M (Series A)
What they do: A machine learning protocol, GenesisAI is working towards providing a central marketplace for AI services. The company offers various machine learning AI models to organizations that want to make use of AI tech, such as fintech companies. According to users, GenesisAI models help develop investment models and strategies for hedge funds. In July 2021, GenesisAI raised more than $2.5M in private equity funds.
3. Betterment
5-year search growth: 1,100%
Search growth status: Peaked
Year founded: 2008
Location: New York, NY
Funding: $435M (Debt Financing)
What they do: Betterment is an investment company and money management software that provides robo-advising services. The company aims to minimize investment risk and volatility through diversified investing. Their app enables users to track their investments, finances, and taxes to make informed financial decisions. In September 2021, Betterment secured $60M in a Series F funding round.
4. CAIS
5-year search growth: 13%
Search growth status: Regular
Year founded: 2009
Location: New York, NY
Funding: $406M (Private Equity)
What they do: CAIS is a fintech platform that aims to be the leading hub for alternative investments. As an open marketplace, it allows asset managers, investment advisors, and private equity investors to engage with customers, as well as with one another. The platform’s investment options include hedge funds, structured notes, and private real estate. CAIS announced in November 2020 that the startup received $100M in private equity funding from Reverence Capital Partners.
5. Squarepoint Capital
Search growth status: Regular
Year founded: 2014
Location: New York, New York
Funding: Undisclosed
What they do: Squarepoint Capital is a global investment management firm that takes a quantitative finance approach to investing. It's estimated this firm has $75.7 billion in assets under management.
6. Polygon.io
Search growth status: Regular
Year founded: 2016
Location: Atlanta, Georgia
Funding: $6M (Series A)
What they do: Polygon is a tech startup that provides real-time and historical financial data to developers. This capability enables customers to integrate this data into their applications, primarily serving the financial markets sector. The startup aims to "modernize Wall Street" by making institutional-level data more accessible. In 2023, Polygon ranked #738 in the Inc. 5000.
7. SumZero
5-year search growth: -50%
Search growth status: Peaked
Year founded: 2008
Location: New York, NY
Funding: $1M (Seed)
What they do: SumZero is an online community for professional investors and capital partners. Users can find peer-reviewed investment research and buy-side ideas to invest in hedge funds. SumZero runs on a post-or-pay method. Users can either pay for, or post, unique hedge funds and asset management research to gain access. In 2020, Alpha Sigma Capital partnered with SumZero to offer cryptocurrency research on the platform.
8. Fabriik
5-year search growth: -100%
Search growth status: Peaked
Year founded: 2019
Location: London, United Kingdom
Funding: $32M (Series A)
What they do: Aiming to become a digital asset marketplace, Fabriik provides users a platform to trade, hold, and invest in crypto and fiat currencies. The company currently provides an online crypto exchange, digital asset manager, and a central market. In September 2020, Fabriik acquired Money Button to enhance their online payment systems.
9. Arkk Solutions
5-year search growth: -50%
Search growth status: Peaked
Year founded: 2009
Location: London, United Kingdom
Funding: $6.1M (Series B)
What they do: Arkk Solutions is a financial and portfolio management company that offers financial automation. Their goal is to make financial and regulatory reporting smoother for any current funds or investments. Furthermore, they offer financial automation for future investments and funds. According to their website, Arkk Solutions has 850+ clients across 20 countries.
10. Allocator
5-year search growth: 47%
Search growth status: Regular
Year founded: 2013
Location: London, England
Funding: Undisclosed (Seed)
What they do: Allocator provides integrated data and software solutions to the alternative investments industry. The startup collects and validates data reported by General Partners (GPs) using a proprietary data technology platform. The company works with some of the top limited partners globally and aims to make information more accessible between fund managers and investors.
11. Inbestme
Search growth status: Exploding
Year founded: 2013
Location: Barcelona, Spain
Funding: $5.7M (Equity Crowdfunding)
What they do: Inbestme is an automated portfolio manager and wealth management startup. The platform provides personalized investment plans using index funds, ETFs, and pension plans. Currently, the startup supports over 3,400 customer accounts and $95M in assets under management.
12. CapShift
Search growth status: Peaked
Year founded: 2018
Location: West Newton, MA
Funding: $5M (Series A)
What they do: CapShift is an investment firm that offers investment solutions to small and medium-sized businesses. Their goal is to provide capital investments based on a business’s values, goals, and objectives. The firm’s services include investment research, partnerships, sourcing, and reporting. CapShift raised $5M in a Series A round in August 2021.
13. Polychain
5-year search growth: 333%
Search growth status: Regular
Year founded: 2016
Location: San Francisco, CA
Funding: $10M (Seed)
What they do: Polychain Capital is an investment firm that focuses on the blockchain asset class and cryptocurrency investments. The company participates in hedge funds and venture capital investments, investing in companies like Tezos and Kik Messenger. They utilize mathematical properties in their processes, such as game-theoretic equilibrium and cryptographic verification. As of June 2021, Polychain has $2B in assets under management (AUM).
14. Delphia
5-year search growth: -11%
Search growth status: Peaked
Year founded: 2018
Location: Toronto, Canada
Funding: $79.5M (Series A)
What they do: Delphia is building an algorithm that chooses stocks for investors. It aims to be a single investment strategy any user can utilize to improve their investments. According to their website, their process works by collecting users’ data, making improved predictions based on that data, adjusting investments, and improving their algorithm. In 2019, Delphia raised $15.4M from Black Jays Investments and 10 other investors.
15. Syfe
5-year search growth: 5,400%
Search growth status: Regular
Year founded: 2017
Location: Singapore, Singapore
Funding: $51.9M (Series B)
What they do: Syfe is an investment platform that lets users invest in managed portfolios and individual stocks. The startup provides curated, risk-managed portfolios managed by wealth experts, as well as investment solutions to earn higher returns on idle cash. Syfe currently has over 100,000 investors using their platform.
16. Romano Capital
Search growth status: Peaked
Year founded: 2003
Location: Vancouver, WA
Funding: Undisclosed
What they do: Specializing in real estate investments, Romano Capital aims to provide various alternative investment opportunities. Their investments range from land and commercial developments to housing units. Customers can invest in diversified perpetual evergreen investment funds or project-based offerings, based on their interests. In October 2020, Romano Capital raised $650M.
17. Axoni
5-year search growth: -11%
Search growth status: Peaked
Year founded: 2013
Location: New York, NY
Funding: $109.8M (Series Unknown)
What they do: Based on a blockchain infrastructure, Axoni offers network and infrastructure services for hedge funds and financial services companies. The company claims that its infrastructure can synchronize information across fund markets in real-time. Enterprise customers are also offered workflow automation for complex ledger deployments. In 2019, Axoni was listed in the Forbes Fintech 50 list.
18. Digital Asset Management
5-year search growth: 38%
Search growth status: Peaked
Year founded: 2017
Location: Gibraltar, Gibraltar
Funding: $1.7M (Equity Crowdfunding)
What they do: As a digital asset servicing firm, Digital Asset Management (DAM) assists with crypto payments and asset tokenization. The company aims to provide a payment gateway that will enable online businesses to accept cryptocurrencies. DAM also offers an OTC platform, cross-border settlements, and smart contract management. According to their website, the startup works with over 350 merchants worldwide, with over $1B traded since 2019.
19. Divina Capital
Search growth status: Peaked
Year founded: 2020
Location: Amsterdam, The Netherlands
Funding: $425K (Seed)
What they do: As a collective investment fund, Divina Capital offers hedge fund investment opportunities for individuals and corporations. Their offerings are designed for institutional investors, corporations, and customers who need independent asset managers. The fund offers various participation classes depending on how much a customer wants to invest.
Conclusion
That concludes our list of the top hedge fund startups going strong in 2024.
The advent of AI and machine learning has paved the way for unique early-stage hedge fund startups. Furthermore, with blockchain technology and cryptocurrencies taking off, we’re beginning to see diverse startups in the industry.
As new investment opportunities and asset classes develop, the hedge fund industry should continue to adapt, leading to unique hedge fund startups.
