Embankment
Embankment is a Copenhagen-based fintech providing a SaaS fund administration platform for alternative investment fund managers. Founded in 2022, the company serves 250+ funds managing over €30 billion in assets across European markets, with a regional hub in Luxembourg.
- Company typePrivate
- Founded2022
- HeadquartersCopenhagen, Denmark
- Headcount51–100
- GTM typeB2B
- OfferingSoftware
What Embankment does
Embankment is a Danish fintech company founded in 2022 and headquartered in Copenhagen that provides a software-as-a-service fund administration platform to alternative investment fund managers. The platform is the company's core product and serves as the operational backbone for 250+ alternative investment funds that collectively manage more than €30 billion in assets. Embankment targets a narrow vertical — alternative investment vehicles including private equity, hedge funds, real estate funds, and other non-traditional asset class funds — and addresses pain points around operational complexity, regulatory compliance across European jurisdictions (notably Luxembourg), and reporting accuracy for funds managing significant assets under management.
The platform is delivered as subscription-based enterprise software, with revenue generated through recurring SaaS contracts. Pricing is not publicly disclosed but is likely correlated to assets under management or fund complexity given the enterprise B2B motion and the scale of client AUM. Embankment operates an enterprise field sales go-to-market model, selling directly to fund managers and administrators rather than through self-serve channels, and has established a regional presence in Luxembourg — described by the company as the largest addressable market in Europe for alternative investment fund services.
The company was founded by David Svante Hansen (CEO) and has raised approximately €15 million in cumulative funding across three rounds, most recently a €15 million Series A in January 2026 co-led by Smedvig Ventures and BlackFin Capital Partners. Capital from the Series A is being deployed to accelerate platform development and deepen presence in Luxembourg. The company has quadrupled its turnover over the 18 months preceding the Series A, indicating strong recurring revenue growth from a relatively early commercial base.
Embankment firmographics
Firmographics- Name
- Embankment
- Legal name
- Embankment
- Website
- https://embankment.com
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Embankment is a Copenhagen-based fintech providing a SaaS fund administration platform for alternative investment fund managers. Founded in 2022, the company serves 250+ funds managing over €30 billion in assets across European markets, with a regional hub in Luxembourg.
- Ownership category
- akta.pro rank
Embankment industry classification
Industry- Product category
- Alternative Investment Fund Management Software
- NAICS
- Portfolio Management and Investment Advice (523940), Open-End Investment Funds (525910), Computing Infrastructure Providers, Data Processing, Web Hosting, and Related Services (51821)
- SIC
- Services-Computer Programming Services (7371)
- akta.pro primary industry
- Developer Tooling & SDKs for Payments (Gateway Tooling) (FSAMACAL)
- akta.pro secondary industry
- Developer Portals, SDKs & Documentation Platforms (BPAMADAG)
Keywords
Where Embankment is headquartered
LocationHeadquarters
- HQ city
- Copenhagen
- HQ country
- Denmark
- HQ region
- Europe
Offices2 records
Markets served
Embankment business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Personnel, Technology or R&D, Marketing or Sales, Operations, Infrastructure
Revenue model
- Software Platform Subscription: Embankment generates revenue through a software-as-a-service model providing its platform to alternative investment funds. The company has quadrupled its turnover over 18 months, indicating strong recurring revenue growth. With over 250 funds as clients managing €30bn in assets, the model appears to be enterprise subscription-based with pricing likely correlated to assets under management or fund complexity.
Go-to-market motion1 record
Distribution channels1 record
Embankment product offering
Product offeringCore offering
Embankment provides a software platform that enables alternative investment fund managers to manage fund operations, track assets under management, and process transactions. The platform serves more than 250 funds managing over €30bn in assets, with a particular focus on the European market and Luxembourg as a key expansion geography.
Product overview
Embankment offers a unified software platform for alternative investment funds. The platform serves as the core product enabling fund management operations for alternative investment managers. Founded in 2022 and headquartered in Copenhagen, the company has grown significantly, quadrupling its turnover over the past 18 months. The platform targets the European market with particular focus on Luxembourg as a key expansion market.
Differentiator
Problem solved
Functional benefit
Quantifiable outcome
- 250+ funds served managing €30bn+ in assets
- +1 more outcomes
Companies that use Embankment
Customer profileNamed customers1 record
Segments1 record
Ideal customer profiles1 record
Embankment technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Embankment partnerships and signals
Strategic signalScale indicators5 records
Recent moves6 records
Expansion highlights3 records
Embankment competitors and assessment
Company assessmentDirect peers
- Carta: Carta provides fund administration, cap table management, and investor reporting software for venture capital and private equity funds. It is a direct competitor in alternative investment fund administration, though broader in scope and serving primarily US-based funds.
- Juniper Square: Juniper Square offers an investor CRM, fund administration, and reporting platform for private market fund managers, including GPs and LPs. It directly competes with Embankment in alternative fund administration and GP-LP reporting.
- Allvue Systems: Allvue provides software for alternative investment managers including fund accounting, investor reporting, and portfolio management. It is a direct competitor for alternative fund administration platforms with deep private credit and PE specialization.
- Dynamo Software: Dynamo offers a platform for alternative investment operations including fund accounting, investor relations, and reporting workflows. It serves a similar buyer (alt fund managers) with comparable core functionality.
- Backstop Solutions: Backstop Solutions provides investor relations, fundraising, and reporting software for alternative investment managers. It competes directly with Embankment on the investor reporting and fund administration workflows for PE and hedge funds.
Broad incumbents
- eFront (BlackRock): eFront, owned by BlackRock, is a leading end-to-end alternative investment software suite for fund managers and LPs. It is the broad incumbent in the same category, with much deeper resources and global reach.
- TMF Group: TMF Group is a global provider of fund administration, accounting, and compliance services with significant Luxembourg presence. It represents the traditional outsourced fund admin model against which Embankment's software platform competes.
- Citco Fund Services: Citco is one of the largest global fund administrators, particularly strong in hedge fund administration. It is a broad incumbent that Embankment must compete against for enterprise fund admin mandates in Europe.
Emerging players
- Addepar: Addepar provides wealth management and portfolio analytics infrastructure, increasingly extending into alternative investment reporting. It is an emerging adjacent player whose reporting and aggregation capabilities overlap with parts of Embankment's platform.
- Pasiv: Pasiv provides portfolio management and reporting software for investment advisors and fund managers. It is an emerging player in adjacent fund administration and reporting workflows targeting smaller fund managers.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights6 records
Customer concentration
Embankment social profiles
Digital presenceEmbankment financial estimates
Financial estimateRevenue estimate
Valuation estimate
Embankment leadership team
Management profileNumber of profiles
Profiles1 record
Embankment funding detail
Funding detailFunding overview
Funding rounds3 records
Investors4 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Embankment 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 Embankment
What does Embankment do?
Embankment provides a software platform that enables alternative investment fund managers to manage fund operations, track assets under management, and process transactions. The platform serves more than 250 funds managing over €30bn in assets, with a particular focus on the European market and Luxembourg as a key expansion geography.
Is Embankment a public or private company?
Embankment is a private company. It is classified as venture growth investor backed and is currently operating.
When was Embankment founded?
Embankment was founded in 2022. It employs 51 to 100 people.
Where is Embankment based?
Embankment is headquartered in Copenhagen, Denmark, in the Europe region.
How does Embankment make money?
One revenue line is on record: software Platform Subscription.
Who are Embankment's main competitors?
Direct peers on record are Carta, Juniper Square, Allvue Systems, Dynamo Software and Backstop Solutions. Broad incumbents are eFront (BlackRock), TMF Group and Citco Fund Services. Emerging players are Addepar and Pasiv.
Does Embankment have an API?
No public API is recorded for Embankment.
What industry is Embankment in?
Embankment's product category is Alternative Investment Fund Management Software. Its primary akta.pro industry code is FSAMACAL, Developer Tooling & SDKs for Payments (Gateway Tooling), with a secondary code of BPAMADAG, Developer Portals, SDKs & Documentation Platforms. Its NAICS code is 523940 and its SIC code is 7371.