Takeaways by Saasverse AI
- TomNext | Undisclosed Funding Round | AI-Powered Platform | Private Market Intelligence for Limited Partners (LPs)
- Led by Panghea Capital Partners with participation from Consello, Blizzard the Avalanche Fund, Altea Partners, and prominent angels from wealth management, fintech, and digital assets.
- Focused on solving inefficiencies in the $22 trillion alternative asset market, TomNext plans to introduce tokenized execution features in 2024.
TomNext, a newly unveiled private markets intelligence and infrastructure provider tailored specifically for Limited Partners (LPs), has announced a successful funding round led by Panghea Capital Partners. Other participants include Consello, Blizzard the Avalanche Fund, Altea Partners, and a cohort of strategic investors and angel backers from wealth management, fintech, and digital asset sectors. Though the exact funding amount remains undisclosed, the investment underscores strong market confidence in TomNext’s ability to address the systemic inefficiencies that continue to hinder the alternative asset ecosystem.
Launched to tackle the structural complexities of the $22 trillion alternative investments market, TomNext’s AI-driven platform is designed to streamline the fragmented workflows that LPs often rely on for due diligence and fund allocation. With the rapid surge in transaction volumes across private equity, venture capital, private credit, and real assets, LPs face mounting challenges from disorganized due diligence processes, unstructured data, inconsistent reporting, and manual execution infrastructure. These inefficiencies, exacerbated by the reliance on manual, spreadsheet-based systems, make it difficult for LPs to scale their operations or act swiftly in high-stakes investment scenarios.
TomNext’s solution is a unified, secure, AI-powered workflow platform that provides LPs with a clear and comprehensive view of their investment opportunities. By automating the aggregation and analysis of deal data, the platform simplifies due diligence and enhances decision-making transparency. Currently in closed beta with select family offices, wealth advisors, and private market investors, TomNext is already showcasing its ability to reduce the operational friction that limits efficiency and scalability for LPs, regardless of the size of their teams.
Looking ahead, TomNext plans to add tokenized execution and orchestration capabilities to its platform in early 2024. This ambitious feature aims to further streamline the execution of private market transactions, leveraging blockchain technology to enhance security and reduce operational risks. By incorporating tokenization into its workflow, TomNext could not only boost efficiency but also set a new standard for digital infrastructure in alternative asset allocation.
TomNext CEO and co-founder Itay Tuchman emphasized the urgency of modernizing LP workflows: “Private market investing has scaled massively, but the workflows LPs rely on haven’t. They’re manual, fragmented, and opaque, slowing decisions at the very moments when investors need clarity and speed. TomNext is built to change that. This funding allows us to deliver institutional-grade intelligence to every LP, not just those with large teams. Our beta program has already begun demonstrating how emerging technologies can accelerate and improve decision quality.”
Fernando Lopez Munoz, CEO of Panghea Capital Partners, echoed this vision: “We’re backing TomNext because the industry has long needed an LP-first platform. Wealth managers and family offices are drowning in paperwork, data silos, and operational risk. TomNext’s visionary approach to AI and tokenized execution has the potential to become indispensable infrastructure for alternative asset allocators globally.”
“ TomNext’s emergence is a timely response to the mounting pressures facing LPs in private markets. As transaction volumes soar and data complexity grows, traditional, manual processes are becoming unsustainable. By combining institutional-grade AI with a user-first design, TomNext is not only addressing operational inefficiencies but also democratizing access to advanced decision-making tools for smaller LPs. The introduction of tokenized execution capabilities in 2024 could further cement its position as a transformative player in this space, offering a level of automation and security that is unprecedented in the private markets sector. ” Saasverse Analyst comments
Saasverse Insights
This funding round and TomNext’s innovative approach point to a broader trend in the AI, SaaS, and Cloud ecosystems: the convergence of AI, fintech, and blockchain to create next-generation infrastructure for financial services. By automating and optimizing the workflows of LPs, TomNext has the potential to unlock new efficiencies, enabling faster capital deployment and more informed decision-making. We anticipate that this LP-focused intelligence layer could spark a wave of innovation in private markets, with tokenization and AI becoming essential tools for navigating the complexities of alternative investments. Furthermore, as private markets continue to grow, the demand for scalable, technology-driven solutions like TomNext’s platform will only intensify, creating significant opportunities for investors and SaaS providers alike.