Untap Chosen for Newchip’s Seed-Stage Global Accelerator Program
Private Equity Portfolio Management solution among top applicants selected for Newchip’s exclusive accelerator
Untap, the next generation portfolio management solution for Private Capital Markets to manage investments, strategies, ESG and Value Creation, was accepted into Newchip’s renowned global accelerator program. Designed to provide all the skills and tools seed-stage founders need to rapidly fund, build and scale their companies, past accelerator cohorts averaged more than 17.5 times the average funding amount. The equity-free, fully digital accelerator has helped over 1,000 founders from 35 countries raise over $300 million in funding.
“Newchip evaluates a vast and diverse number of companies from across the globe, selecting only a small percentage to be part of our Seed Accelerator program,” says Armando Vera Carvajal, Vice President of Product at Newchip. “This careful vetting process of both the business model and founder makes us an ideal partner for venture capital investors and other key stakeholders in early-stage startup financings who are looking for promising startups. Fintech companies like Untap can scale quickly with proper funding and guidance. We are excited for Untap and believe they will do well at Newchip.”
Launched in 2020, Untap is on a mission to revolutionize the way Private Capital Market funds manage their investments including financial, operational KPIs, Value Creation and ESG. Since launching the company has closed a seed funding round of $1m and achieved major customers in UK, Europe and US.
“Being part of the Newchip Accelerator, we are looking forward to learn new ideas about how to accelerate our growth and achieve our funding objectives to scale up globally” says Manfredi Bargioni, CEO at Untap “achieving appropriate level of funding will enable us to fully exploit the window of growth opportunity that we see in front of us”