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News calendar    May 09, 2017

Edison Partners Leads $8M Series A Growth Investment in Solovis

$8 Million Investment to Accelerate Growth and Drive Product & Service Innovation

Princeton, NJ — May 9, 2017 — Edison Partners today announced leading an $8 million Series A growth investment in Dallas-based Solovis, the leading provider of portfolio management and reporting software for foundations, endowments, pensions, and family offices. Prior investors also joined the round. Solovis will use proceeds to support continued company growth and drive product and services innovation.

Solovis has grown revenue 300 percent since Edison’s initial investment in 2016. The company has signed dozens of customers since it began selling its software just over two years ago and counts some of the industry’s largest investment managers as customers—including one of the top five college endowments in the U.S. and one of the top five foundations in the world. Solovis was also recently recognized as the industry’s top technology vendor by CIO Magazine.

“We are impressed by Solovis’ rapid growth, deep roster of marquee customers, and its market leadership position as the go-to provider of portfolio analytics and reporting solutions for institutional investors,” said Tom Vander Schaaff, General Partner, who led the investment for Edison. “The financing will allow the company to continue to expand its product portfolio and magnify its already significant impact on the industry.”

For the growing number of investment managers turning to sophisticated, diversified portfolios and global multi-asset strategies, Solovis has emerged as the industry standard. Its cloud-based software platform provides a holistic view of assets to analyze risk and performance, enabling greater transparency, rapid insight, and advanced reporting that allows investors to take quick actions and more closely manage risks.

“Edison has been a wonderful partner; their approach to founder-led organizations like Solovis has given us the confidence and powerful insight to execute on our vision,” said Josh Smith, founder and CEO of Solovis. “With a consistent willingness to assist in any way possible, including introductions to members of the Edison Director Network, who have played important roles in our growth, we are thrilled to have them alongside us as we become the industry standard for multi-asset class managers.”

The Edison Partners’ Financial Technology practice has completed 43 investments since the firm’s founding. Notable exits include Edgetrade, FolioDynamix, GAIN Capital, Liberty Tax and Princeton Financial. Current investments include: Axial, BFS Capital, Billtrust, Clearpool Group, Compliance Science, GAN Integrity, OptionsCity, Predata, Scivantage, and Trader Tools. The initial growth equity investment in Solovis marked the fourth Fintech investment from Edison Partners’ fund VIII (closed July 2016).


About Solovis

Solovis is a multi-asset class portfolio management and reporting solution for foundations, endowments, pensions, OCIOs and family offices. Specifically designed and built for the age of open architecture asset management, Solovis is a flexible, robust platform created to generate detailed analysis and dynamic data modeling across multiple portfolios and pools of capital for actionable, transparent reports that empower investors spanning the front to back office. Solovis has offices in Dallas and Charlottesville. Visit or send an email to info(at)solovis(dot)com to request a product demonstration.


About Edison Partners 
For more than 30 years, Edison Partners has been helping CEOs and their executive teams navigate the entrepreneurial journey and build successful companies. Through the unique combination of growth capital and the Edison Edge platform, consisting of operating leverage, the Edison Director Network, and executive education, Edison employs a holistic approach to accelerating growth and creating value for businesses ($5 to $20 million in revenue) in financial, healthcare, enterprise and marketing technology sectors. Edison investment objectives also include: buyouts, recapitalizations, spinouts and secondary stock purchases.

Edison’s active portfolio has created aggregate market value exceeding $10 billion. Its long-tenured team based in Princeton, NJ manages more than $1 billion in assets throughout the eastern United States.