Halo Investing, the US-based developer of an online investment tools platform, received over $100m on Tuesday in a series C round featuring Allianz Life Ventures, a corporate venturing subsidiary of insurance provider Allianz.
The round was led by venture capital firm Owl Capital and included Abu Dhabi sovereign wealth fund Mubadala and investment bank William Blair.
Founded in 2015, Halo provides an online platform that offers access to structured notes, market-linked certificates of deposits, buffered exchange-traded funds and annuities, as well as a suite of tools to analyse, customise and manage the most suitable investment products for their portfolios.
The company will use the financing to invest in new markets, enter into more distribution channels, expand into new asset classes and further develop its platform for protective investing. The round brought its total funding to $120m, it said.
Halo had raised $11m in an April 2019 series B round that included Allianz Life Ventures and William Blair subsidiary William Blair Circle as well as an affiliate of asset manager Piton Investment Management. It had previously secured $4.1m in series A funding in 2017, according to a securities filing.