Monark, a fintech startup that embeds private market investments and trading solutions within traditional brokerage and wealth platforms, has announced a $2.2 million seed round led by Garuda Ventures.
The seed round was also backed by K50 Ventures, Grit Capital Partners, Niche Capital and angel investors, including Nik Talreja, CEO of Sydecar, and Shriram Bhashyam, COO of Sydecar.
This latest funding brings Monark's total funding to $3.6 million. Previous investors include Forum Ventures and Night Capital.
Monark's strategy takes advantage of two major trends in capital markets. On the demand side, Monark connects to the significant demand for access to alternative investments from mass-affluent investors by integrating directly with their native brokerage platform and custodian. On the other side of the market, Monark works directly with issuers and alternative asset managers to structure investment products that fit the needs of the mass affluent investor, an