Aqua
Aqua operates TAIP, a turnkey alternative investment platform serving broker-dealers, RIAs, multi-family offices, and fund managers with subscription, reporting, and operations infrastructure for private market assets.
- Company typePrivate
- Founded2021
- HeadquartersNew York, United States
- Headcount11–50
- GTM typeB2B
- OfferingSoftware
What Aqua does
Aqua operates the TAIP (Turnkey Alternative Investment Platform), a software infrastructure layer for wealth intermediaries and alternative asset issuers. The company serves Broker-Dealers, Registered Investment Advisors (RIAs), Multi-Family Offices, Fund Managers, and wealth technology platforms, providing them with the operating system to issue, distribute, subscribe, and report on alternative investments such as private real estate, private credit, and private equity. Aqua was founded in 2021 and is headquartered in the United States, with 11-50 employees and cumulative disclosed funding of approximately $3.925M led by Gradient Ventures with participation from Y Combinator, 305 Ventures, Global Founders Capital, Hack VC, and Soma Capital.
The product suite is modular: AIX is the core platform; Access Vehicles structures alternative investment offerings; Marketplace enables discovery and execution across the network; Fund Factory provides fund administration tooling; and Document Intelligence applies AI-driven NIGO detection to streamline subscription document review. The platform reports 150+ enterprise integrations, 4,000+ investor accounts, $3.6B in annual transaction volume, and 99.9% uptime, and is SOC-2 compliant. Distribution partnerships with DAI Securities, PASSCO, and Cantor Fitzgerald embed Aqua into broker-dealer and sponsor workflows. Underlying architecture centers on a unified alternative-investment data model that links issuer, sponsor, intermediary, and investor records, reducing the reconciliation overhead that typically requires multiple point solutions.
Aqua monetizes through a combination of SaaS subscriptions to institutional clients and transaction fees on activity routed through its Marketplace module. Go-to-market is enterprise-led, anchored on named institutional relationships rather than a long SMB tail, with mobile applications (iOS and Android) extending engagement to end investors alongside advisor-led workflows. Founders Rohan Marwaha (CEO) and Dev Patel (CTO) lead the company, which is private and pre-Series B at the time of input.
Aqua firmographics
Firmographics- Name
- Aqua
- Legal name
- Aqua Platform
- Website
- https://investwithaqua.com
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Aqua operates TAIP, a turnkey alternative investment platform serving broker-dealers, RIAs, multi-family offices, and fund managers with subscription, reporting, and operations infrastructure for private market assets.
- Ownership category
- akta.pro rank
Aqua industry classification
Industry- Product category
- Wealth Management Software for Alternative Investments
- NAICS
- Computer Systems Design and Related Services (54151), Computer Systems Design Services (541512), Other Computer Related Services (541519)
- SIC
- Services-Computer Integrated Systems Design (7373)
- akta.pro primary industry
- IT Operations Management (ITOM) Platforms (HDAEALAC)
- akta.pro secondary industries
- Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs) (FSAAABAM), Digital/Hybrid RIAs (Robo-Enabled, Tech-Forward) (FSAAACAJ)
Keywords
Where Aqua is headquartered
LocationHeadquarters
- HQ city
- New York
- HQ country
- United States
- HQ region
- North America
Markets served
Aqua business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure
Revenue model
- Platform / SaaS Fees: TAIP-native platform fees charged for access to the core operating system. The modular product lines (AIX, Access Vehicles, Marketplace, Fund Factory, Document Intelligence) are pick-and-choose lanes that expand as clients are ready, suggesting a subscription or per-module pricing model.
- Marketplace Transaction / Distribution Fees: Marketplace by Aqua enables 1031 DST investments on-platform, likely generating transaction-based or take-rate revenue on deal flow executed through the marketplace.
Go-to-market motion2 records
Distribution channels2 records
Marketing channels3 records
Aqua product offering
Product offeringCore offering
Aqua sells a unified Turnkey Alternative Investment Platform (TAIP) — a SaaS operating system for managing the entire alternative asset investment lifecycle across any vehicle structure (1031 DSTs, SPVs, feeder funds, registered products). The offering is modular: AIX is the core enterprise TAIP, supported by Access Vehicles for SPV/feeder launch, Marketplace for 1031 DSTs, Fund Factory for registered products, and Document Intelligence for document aggregation and normalization.
Product overview
Aqua is a unified TAIP (Turnkey Alternative Investment Platform) with modular architecture. The core platform is AIX by Aqua, which handles the end-to-end investment lifecycle. Surrounding it are specialized modules: Access Vehicles (for launching SPVs and feeders), Marketplace (for 1031 DST investing), Fund Factory (for registered fund setup/management), and Document Intelligence (for document aggregation). All modules share a single unified data model, enabling seamless data flow across the alternatives stack.
Differentiator
Problem solved
Functional benefit
Brands
- AIX by Aqua: Core TAIP solution for managing the entire investment lifecycle for any alternative asset, including end-to-end subscription workflows, unified investor portal, and integrated reporting engine.
- Access Vehicles by Aqua
- Marketplace by Aqua
- Fund Factory by Aqua
- Document Intelligence by Aqua
Products and services
- AIX by Aqua Core Turnkey Alternative Investment Platform (TAIP) solution for wealth-channel firms; manages the end-to-end subscription workflow, unified investor portal, and integrated reporting engine for any alternative asset across any vehicle structure.
- Access Vehicles by Aqua On-demand SPV (Special Purpose Vehicle) and feeder fund launching platform with standardized onboarding and subscriptions, integrated reporting, and native AIX integration; lets fund managers launch new vehicles without building bespoke infrastructure.
- Marketplace by Aqua Self-serve 1031 Delaware Statutory Trust (DST) marketplace offering the widest selection of DSTs available on-platform, with a TAIP-native subscription experience and 0% NIGO rate on subscription documents.
- Fund Factory by Aqua Outsourced setup and ongoing management service for registered '40 Act products such as interval funds and tender offer funds; plugs into AIX for data and operations.
- Document Intelligence by Aqua Document aggregation and normalization engine that pulls documents from any sponsor portal or source into a single destination; powers AIX reporting through source aggregation and data normalization.
Quantifiable outcome
- 0% NIGO rate — every subscription is complete on first submission
- +3 more outcomes
Companies that use Aqua
Customer profileNamed customers3 records
Segments3 records
Ideal customer profiles3 records
Aqua technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- Yes
- API docs
- API detail
Core technology
AI maturity
App detail
Integration4 records
AI capability3 records
Feature7 records
Aqua partnerships and signals
Strategic signalPartnerships
Three partnerships are on record, tiered core.
- DAI SecuritiescoreDAI Securities is listed as a partner utilizing Aqua to power their alternative investment operations. Their logo appears in the 'Powering Alternatives For' section of the website, indicating active platform usage and co-distribution of alternative investment products through the Aqua TAIP infrastructure.
- PASSCOcorePASSCO is listed as a partner in the 'Powering Alternatives For' section of the Aqua website, suggesting active use of the TAIP platform for distributing or managing alternative investment products.
- Cantor FitzgeraldcoreCantor Fitzgerald is listed as a partner in the 'Powering Alternatives For' section, indicating use of Aqua's TAIP platform for alternative investment distribution or management within their wealth channel operations.
Scale indicators4 records
Recent moves6 records
Expansion highlights6 records
Aqua competitors and assessment
Company assessmentDirect peers
- Canoe Intelligence: Canoe Intelligence provides AI-powered document aggregation and data extraction for alts and private markets, competing most directly with Aqua's Document Intelligence module and broader subscription-document automation.
- iCapital Network: iCapital is the largest alts platform serving RIAs, broker-dealers, and wealth managers, offering subscription, reporting, and feeder fund infrastructure for alternative investments — directly competing with Aqua's TAIP value proposition.
- Yieldstreet: Yieldstreet operates an alts platform offering individual access to private market investments including DSTs and structured products, overlapping with Aqua's Marketplace for 1031 DSTs and broader alts distribution.
- CAIS: CAIS is an alts marketplace and platform for independent advisors, providing fund access, subscription workflows, and reporting — overlapping directly with Aqua's Marketplace and AIX product lines.
Emerging players
- Carta: Carta provides cap table, fund administration, and private-markets infrastructure that increasingly touches alts subscription, reporting, and investor servicing — an adjacent platform expanding into parts of Aqua's TAM.
Others
- Pasadena/SimplyWealth (Pasadena Private Wealth / equivalent TAMPs): TAMPs and turnkey asset management platforms serve as comparables for the 'turnkey platform' go-to-market motion Aqua extends from traditional assets into alternatives.
Broad incumbents
- Addepar: Addepar is a leading wealth-management technology platform serving RIAs, family offices, and large institutions with portfolio reporting and analytics — a broader incumbent whose reporting and aggregation capabilities overlap with Aqua's investor portal and reporting engine.
- Orion (Orion Advisor Tech): Orion is an established wealth-tech platform offering portfolio accounting, CRM, and reporting to RIAs and broker-dealers — a broad incumbent that could expand into alts-ops workflows that Aqua targets.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Aqua social profiles
Digital presenceAqua compliance and trust
Trust signalCompliance1 record
Aqua financial estimates
Financial estimateRevenue estimate
Valuation estimate
Aqua leadership team
Management profileNumber of profiles
Profiles3 records
Aqua funding detail
Funding detailFunding overview
Funding rounds3 records
Investors8 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Aqua M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Aqua
What does Aqua do?
Aqua sells a unified Turnkey Alternative Investment Platform (TAIP) — a SaaS operating system for managing the entire alternative asset investment lifecycle across any vehicle structure (1031 DSTs, SPVs, feeder funds, registered products). The offering is modular: AIX is the core enterprise TAIP, supported by Access Vehicles for SPV/feeder launch, Marketplace for 1031 DSTs, Fund Factory for registered products, and Document Intelligence for document aggregation and normalization.
Is Aqua a public or private company?
Aqua is a private company. It is classified as venture growth investor backed and is currently operating.
When was Aqua founded?
Aqua was founded in 2021. It employs 11 to 50 people.
Where is Aqua based?
Aqua is headquartered in New York, United States, in the North America region.
How does Aqua make money?
Two revenue lines are on record. Platform / SaaS Fees are the primary driver. The others are marketplace Transaction / Distribution Fees.
Who are Aqua's main competitors?
Direct peers on record are Canoe Intelligence, iCapital Network, Yieldstreet and CAIS. Carta is listed as an emerging player. Pasadena/SimplyWealth (Pasadena Private Wealth / equivalent TAMPs) is listed as an others. Broad incumbents are Addepar and Orion (Orion Advisor Tech).
Does Aqua have an API?
Yes. API-driven, real-time connections enabling live NAV updates, real-time subscription processing, and data synchronization with fund admins, transfer agents, custodians, and wealth managers. Supports 150+ enterprise integrations.
What industry is Aqua in?
Aqua's product category is Wealth Management Software for Alternative Investments. Its primary akta.pro industry code is HDAEALAC, IT Operations Management (ITOM) Platforms, with a secondary code of FSAAABAM, Managed Platforms & Wrap Programs for Private Clients (Model Portfolios, UMA/SMAs). Its NAICS code is 54151 and its SIC code is 7373.