Singapore robo adviser Syfe has raised US$80 million in a Series C funding round led by two UK family offices.
Returning investors that participated in the funding round include UK investment firm Unbound and Valar, a US venture capital firm, Syfe says in a statement on June 6. It did not name the family offices that led the funding.
The company says the money will be partly used to expand its business in Hong Kong.
“This fund raise comes at an exciting time as we grow our presence across the region and expand our offerings,” says Dhruv Arora, founder and chief executive officer of Syfe. “As a platform built in the region, for the region, we have a deep understanding of what these investors need. We’re in a great position to serve them with personalised, accessible, and high-quality wealth management at scale.”
Syfe, which had over $10 billion of assets under management as of end-2024, has now raised $132 million since it was established in 2019.
