The round was led by Edison Partners and including MissionOG, OCA Ventures, Timberline Venture Partners, Northwestern University, and technology entrepreneur Jeremie Bacon. Solovis will use the funding to support continued company growth and drive product innovation.

David Salem, Chairman and Chief Investment Officer of Windhorse Capital Management and former founding CEO of The Investment Fund for Foundations, said: 'We are pleased to see this new group of investors join us in supporting this promising provider of innovation in financial technology.' Windhorse provided seed round financing for Solovis and remains its longest tenured client.

Solovis offers a flexible software platform that generates detailed, transparent reports in real-time for the growing number of investors turning to multi-asset strategies for diversification and risk management. Solovis can analyze and model data across multiple portfolios, relationships and pools of capital then deliver automated, consolidated reports that empower investors spanning their front to back office. The financing follows a year of significant results for the company, with tremendous customer acquisitions, including the Northwestern University endowment among many other prestigious foundations, endowments, OCIOs and Family Offices, a 150% growth in staff, and the addition of multiple industry veterans to the Solovis management team.

'The confidence shown by these investors in the Solovis vision and platform is extremely gratifying and speaks to the growing market demand for our product,' said Josh Smith, CEO and co-founder of Solovis. 'This funding positions us to significantly increase our growth, accelerate our customer deployments and expand our capabilities for the institutional investment community. We are honored by our customers' trust in us, and value their partnership and insight in all we do.'

'Solovis is showing fast growth and is poised to make a significant impact on the institutional portfolio management industry, which plays such a vital role in economic development,' said Tom Vander Schaaff, Partner who led the investment for Edison Partners. 'Its proven success, high-growth trajectory, and support of our Fintech Strategy made Solovis an ideal fit for our newest fund, Edison VIII.'

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 www.solovis.com or send an email to info@solovis.com to request a product demonstration.