Wealth-tech platform Syfe has closed its Series C funding round of $80 million. This includes a new all-equity round Series C2 of $53 million at a "significantly increased valuation" and adds to the Series C1 raise of $27 million in August 2024. 

The funding round was led by two UK family offices and supported by returning investors Unbound and Valar Ventures, the company stated.

Licensed and operational in Singapore, Hong Kong and Australia, Syfe has customers from 60+ countries. The company has raised over $130 million to date and is backed by investors including Peter Thiel’s Valar Ventures, Unbound and partners from DST. 

This funding will be used to scale Syfe’s reach across Singapore, Hong Kong and Australia. A key portion of the funds will be used to expand Syfe’s engineering and product teams at the company's tech head office in Gurugram. 

Commenting on the fundraise, Dhruv Arora, founder and CEO of Syfe, "This fundraise comes at an exciting time as we grow our presence across the region and expand our offerings. In our markets of Singapore, Hong Kong & Australia, nearly half of all adults are in the ‘mass affluent’ segment, meaning those who have between a few hundred to a few million dollars in investable assets, and this segment is growing fast. Our team, based out of Gurugram Tech Headquarters in India, plays a critical role in driving this expansion and building a truly global offering."

Syfe’s headcount in India has grown by nearly 15% since the C1 funding round in August 2024. In the last 18 months, Syfe claims that its business has grown with its core business nearly doubling in the last year and with total assets now well over $10 billion. The company also recently acquired Selfwealth, Australia's online investment platforms.