Osyte, a Seattle startup that helps multi-asset investors optimize portfolios, raises $4M

Seattle-based startup Osyte announced a $4 million seed round to fuel growth of its software used by investors who manage multi-asset portfolios.

The fintech company aims to streamline and automate investment operations with tools for portfolio monitoring, risk analytics, rebalance optimization, and more.

Osyte is targeting outsourced chief investment officers, multi-family offices, single family offices, and institutional limited partners. Its customers manage investments related to both liquid and illiquid assets, as well as within public and private markets.

Osyte co-founder and CEO Charles Anselm previously spent a decade at Russell Investments, where he was a senior portfolio manager overseeing billions in institutional capital for pensions, endowments, foundations and other limited partner investors.

Anselm said he’s hoping to improve upon the cumbersome and manual processes for investment allocation decisions he observed in his past roles.

“The core client problem that Osyte is solving today is liquidity management automation for alternatives and private market investments,” he said.

He said Osyte is riding tailwinds from the “democratization of private markets,” or the increase in access to private assets for individuals.

Osyte co-founder Sellappa Gopalaswamy previously founded cloud companies Qloudable and Sysgain.

Folsom, Calif.-based venture firm Moneta Ventures led the seed round, which included participation from Six Thirty Ventures, Altari Ventures, Tacoma Venture Fund, and Sigmas Group Family Office.

Ashu Bhalla, partner at Moneta Ventures, is joining Osyte’s board as a result of the funding.