Aura Ventures Achieves its Third Exit in the Last 12 Months

We're excited to announce the signing of a share purchase agreement by Aura Ventures for its investment in Integrated Portfolio Solutions (Integrated). Integrated is a technology platform that administers $10.6B in assets.

The divestment of Integrated was Aura Ventures’ third exit in the past 12 months. During the year, Aura Ventures sold its investment in Catapult Sports and Lannock Strata Finance from their 2013-2015 vintage funds.

A Strategic Partnership from Seed to Success

Aura Ventures led the Seed investment round for Integrated in December 2017, via it’s Aura Ventures Fund I, when funds under administration were $1.7b — a 523% uplift over the period.

Aura Group co-founders Calvin Ng and Eric Chan sit on the Integrated board of directors.

Integrated focus on providing a unique combination of technology and service that removes the burden of portfolio administration and reporting as a ‘whole-of-wealth’ non-custodial platform. Integrated currently service investment advisers, family offices, financial planners, and ultra-high net worth direct clients.

Eric Chan, managing partner and co-founder, commented on the exit: "Our journey with Integrated has been a testament to the power of strategic venture capital in transforming innovative concepts into market-leading realities. We are proud to have been part of Integrated’s remarkable story and are excited to see how they continue to redefine the industry.

“This exit not only marks a key milestone in our ongoing mission to propel forward-thinking companies towards success, but it also demonstrates our ability to deliver cash returns to our investors.”

Darryl Johnson, chief executive officer of Integrated commented on the sale: “Whilst the Integrated business was founded in 2010, the journey to obtain the non-custodial wealth management foothold we have today, commenced in 2017 when Aura Ventures became the first investor into Integrated. Aura Ventures set us on a path to implement structures and business plans in all areas of the business and to move us well and truly out of start-up phase and grow into a mature, sophisticated business administering over $10B in FUA across every asset class imaginable. Aura Ventures also brought leadership and corporate governance to Integrated and put us in good stead to reach the tremendous outcome we have been able to achieve today.”

DASH Technology Group (DASH) has entered into a binding share purchase agreement to acquire Integrated Portfolio Solutions (IPS), following its recent $20m capital raise on 1 July 2024 with Bailador Technologies Limited. Darren Pettiona, DASH’s Executive Director of Strategy, commented on the acquisition: “IPS is a synergistic fit and aligns perfectly with our strategy to deliver a cost-efficient, scalable advice offering to clients or members. Platforms should manage and report on assets in a way that provides a cost-effective outcome. Traditional platforms have struggled to effectively manage and report on non-custodial assets, akin to fitting a square peg into a round hole. If an adviser were to wake up after being frozen for ten years, they would see little innovation in the sector.”

Find out more about Aura Ventures.