Aqua

Wealth Management Software for Alternative Investmentsinvestwithaqua.com

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

Alternative investment platform
Wealth management software
Subscription management
1031 DST marketplace
SPV and feeder funds

Where Aqua is headquartered

Location

Headquarters

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 offering

Core 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 profile

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Aqua technology and API

Technology

Technology 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 signal

Partnerships

Three partnerships are on record, tiered core.

DAI SecuritiescoreChannel Partner/ Reseller/ DistributorDAI 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.
PASSCOcoreChannel Partner/ Reseller/ DistributorPASSCO 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 FitzgeraldcoreChannel Partner/ Reseller/ DistributorCantor 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 assessment

Direct 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 compliance and trust

Trust signal

Compliance1 record

Aqua financial estimates

Financial estimate

Revenue estimate

Valuation estimate

Aqua leadership team

Management profile

Number of profiles

Profiles3 records

Aqua funding detail

Funding detail

Funding 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 investment

M&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?

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.