Startup profile · funding coverage
Aqua funding, valuation and investors
Turnkey Alternative Investment Platform (TAIP) software for wealth managers and fund sponsors to operate private-markets programs end to end.
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Funding, valuation & investors
Answer-first snapshotLatest funding
Series A
$15M · September 2026
Latest known valuation
Not publicly disclosed
Total disclosed equity funding
$19M
Excludes debt, grants, acquisitions, secondaries, and IPO proceeds.
Current status
private
series a · New York, New York, USA
Investors in latest funding
Lead: Arthur Ventures
Other: Alumni Ventures
Overview
Aqua (not Aqua Security) is a New York fintech founded by Rohan Marwaha and Dev Patel (YC S21). After starting as a consumer alternatives marketplace, it now sells TAIP software that combines subscriptions, SPV/feeder vehicles, interval/tender fund tooling, document intelligence, and investor servicing for RIAs, banks, trust companies, and sponsors. On September 9, 2026 Aqua announced a $15 million Series A led by Arthur Ventures with Alumni Ventures, bringing total funding to $18.8 million including a $3.8 million seed backed by Gradient Ventures and Y Combinator.
Why Aqua is interesting
Arthur Ventures–led $15M Series A (Sep 9, 2026; $18.8M lifetime) funds a pivot from consumer alts marketplace to adviser/sponsor infrastructure — the ops layer behind discovery, not another access marketplace.
Product & use cases
Modular TAIP stack (AIX, Access Vehicles, Fund Factory, Document Intelligence, 1031 DST marketplace) for building and servicing alternatives programs without claiming broker/custodian/adviser status.
- Wealth managers running multi-client alternatives programs
- Sponsors launching SPVs, feeders, and registered interval/tender funds
- Normalizing documents and subscriptions that otherwise live in email and sponsor portals
Key facts
- $15M Series A led by Arthur Ventures (Sep 9, 2026); $18.8M total lifetime
- Company-reported: $3.6B annual transaction volume; ~8,000 advisers; ~170,000 end clients (denominators not fully reconciled)
- YC S21; seed included Gradient Ventures and Y Combinator
Funding history (newest first)
Series A
2026-09 $15M- Arthur Ventures (lead)
- Alumni Ventures (participant)
Source: Https://www.finsmes.com/2026/09/aqua-raises-15m-in-series-a-funding.html
Seed
2021 $3.8M- Gradient Ventures (participant)
- Y Combinator (participant)
Source: Https://fintech.global/2026/09/10/aqua-raises-18-8m-to-build-alternatives-infrastructure/
Competitive landscape
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CAIS incumbent
Large marketplace + post-trade alts distribution; raised at >$2B valuation in 2025 coverage
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ICapital incumbent
End-to-end alts lifecycle and feeder-platform scale
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Gridline direct
End-to-end startup peer spanning diligence through administration
Market / IPO context
Editorial / static context — not a live quote.
Related funding articles
Venture Capital Tracker pieces that cover Aqua's financing or category context.
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