What does NaroIQ do?
NaroIQ is a Cologne-based fintech startup that offers a modular technology platform enabling banks, insurers, and asset managers to launch and manage their own ETFs and funds efficiently.
How much did they raise?
The company raised more than $6.5M (approximately €5.85M) in Seed funding, led by Magnetic with follow-on investments from Redstone and increased stakes from General Catalyst.
What are their plans for the money?
The funds will be used to drive technical development and secure regulatory licensing, which will support the launch of partner integrations and further enhance the platform's capabilities.
What have they achieved so far?
Founded in 2022, NaroIQ has established a robust foundation for its digital infrastructure and is poised to reach significant milestones with its upcoming partner integrations.