ZILO™, the global technology and innovation company specialising in asset and wealth management software, has secured $27 million in a Series A2 funding round.
This latest raise, completed at a higher valuation than its January 2024 Series A, will support ZILO™’s continued international expansion, further deployment of its market-leading software, and the launch of proprietary AI-driven tools for the global asset and wealth management sector.
The round was led by Portage, with participation from State Street, existing investors and the company’s management team—underscoring confidence in ZILO™’s strategy and long-term vision.
Philip Goffin, Founder and Chief Executive Officer at ZILO™, said: “We are pleased to announce this funding round which reflects the strong progress and momentum within ZILO™. Since we went live in 2023 with our proprietary platform, ZILO™ Global Core, we have successfully secured and onboarded two of the top five global custodians and a top five global asset manager within a relatively short period, demonstrating the institutional confidence in our platform to deliver industry changing efficiencies. We see strong pipeline growth for 2025 and 2026, with focus on onboarding new clients and launching innovative products. I would like to thank all our existing investors and the team at ZILO™ for their support in this funding round.”
Adam Felesky, Co-founder and CEO of Portage, added: “We are delighted to further invest in ZILO™ and their vision. There is rising demand in the wider market for modern platforms that can offer a truly global experience, support for emerging asset classes and enterprise-grade controls. ZILO™’s success of partnering with leading global custodians since inception speaks to their differentiated technology.”
Since completing its Series A, ZILO™ has added two major clients. In March 2024, Fidelity International selected ZILO™’s cloud-based transfer agency solution, ZILO™ Global Core, to support its private assets operating model. In March 2025, State Street chose ZILO™ to launch its UK transfer agency service. The firm has also introduced its Long-Term Asset Fund (LTAF) capability in 2024 and achieved ISO27001 certification.
ZILO™ received legal advice from Pinsent Masons LLP for the funding round.