Altnovel
Altnovel is a privately held, Abu Dhabi-based investment platform founded in 2021 that offers private capital investment opportunities to high-net-worth individuals and family offices across the MENA region.
- Company typePrivate
- Founded2021
- HeadquartersAbu Dhabi, United Arab Emirates
- Headcount1–10
- GTM typeB2B
- OfferingSoftware
Altnovel firmographics
Firmographics- Name
- Altnovel
- Legal name
- Altnovel
- Website
- https://altnovel.co
- Company type
- Private
- Founded year
- 2021
- Operating status
- Operating
- Headcount range
- 1–10 employees
- Short description
- Altnovel is a privately held, Abu Dhabi-based investment platform founded in 2021 that offers private capital investment opportunities to high-net-worth individuals and family offices across the MENA region.
- Ownership category
- akta.pro rank
Altnovel industry classification
Industry- Product category
- Alternative Investments Platform
- NAICS
- Portfolio Management and Investment Advice (523940), Other Investment Pools and Funds (5259)
- SIC
- Investment Advice (6282)
- akta.pro primary industry
- Alternatives & Multi-Asset Digital Wealth Platforms (PE/VC/Real Assets access) (FSAGAEAL)
- akta.pro secondary industries
- Digital/Hybrid Private Wealth (Robo-Enabled HNW Service) (FSAAABAO), High-Net-Worth & Private Wealth Digital Platforms (Digital Private Banking) (FSAGAEAI)
Keywords
Where Altnovel is headquartered
LocationHeadquarters
- HQ city
- Abu Dhabi
- HQ country
- United Arab Emirates
- HQ region
- Middle East
Markets served
Altnovel business model
Business model- GTM type
- B2B
- Offering type
- Software
- Cost components
- Technology or R&D, Personnel, Operations
Altnovel product offering
Product offeringCore offering
Altnovel operates an investment platform that provides access to private capital investments. The platform is targeted at high-net-worth individuals and family offices, enabling them to discover and invest in private capital opportunities through a digital interface.
Differentiator
Problem solved
Functional benefit
Products and services
- Private Capital Investment Platform An online investment platform that provides high-net-worth individuals and family offices with access to private capital investments.
Companies that use Altnovel
Customer profileIdeal customer profiles1 record
Altnovel technology and API
TechnologyTechnology focussed Yes
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Altnovel competitors and assessment
Company assessmentDirect peers
- Moonfare: Moonfare is a digital platform enabling HNW individuals to invest in private equity and venture capital funds. Closely comparable to Altnovel given the shared focus on private capital access for private wealth clients.
- iCapital Network: iCapital operates a tech platform connecting wealth managers and HNW investors with alternative investments including private equity, hedge funds, and structured products. A direct competitor in the digital alternatives-for-HNW space.
- YieldStreet: YieldStreet offers an online platform giving retail and HNW investors access to alternative investments such as private credit and real estate. Comparable to Altnovel on the digital alternatives distribution thesis.
- CAIS: CAIS provides a digital alternatives platform serving financial advisors and the HNW investors they serve, with fund-of-funds and curated private capital offerings. Direct competitor in the same digital alternatives category.
Regional players
- Privé Technologies: Privé Technologies is a UAE-based digital wealth platform serving private banks and HNW clients in the Middle East. Regionally comparable and operating in the same geography as Altnovel.
- Sarwa: Sarwa is a UAE-based digital investment platform offering diversified portfolios and access to certain alternative investments to retail and HNW Middle East customers. Shares the UAE wealth-tech positioning with Altnovel.
Emerging players
- Endowus: Endowus is a Singapore-based digital private wealth platform offering curated access to funds including alternatives for HNW investors across Asia. Comparable as a digital-first wealth platform pursuing private capital access for HNW clients.
- StashAway: StashAway is a digital wealth-management platform headquartered in Singapore serving retail and HNW clients in Southeast Asia and the Middle East. Comparable business-model-wise as a digital HNW wealth platform.
Broad incumbents
- HSBC Global Private Banking: HSBC Global Private Banking serves HNW and family-office clients globally with a broad offering that includes alternatives and private capital access. Provides the incumbent benchmark Altnovel is positioning against.
Others
- StepStone Group: StepStone is a global private-markets investment firm focused on private equity, private credit, real assets, and secondary funds for institutional and private wealth clients. Adjacent competitor enabling HNW/private wealth access to private capital.
Market position
Customer concentration
Altnovel social profiles
Digital presenceAltnovel financial estimates
Financial estimateRevenue estimate
Valuation estimate
Altnovel leadership team
Management profileNumber of profiles
Profiles1 record
Altnovel funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Altnovel 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 Altnovel
What does Altnovel do?
Altnovel operates an investment platform that provides access to private capital investments. The platform is targeted at high-net-worth individuals and family offices, enabling them to discover and invest in private capital opportunities through a digital interface.
Is Altnovel a public or private company?
Altnovel is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was Altnovel founded?
Altnovel was founded in 2021. It employs 1 to 10 people.
Where is Altnovel based?
Altnovel is headquartered in Abu Dhabi, United Arab Emirates, in the Middle East region.
Who are Altnovel's main competitors?
Direct peers on record are Moonfare, iCapital Network, YieldStreet and CAIS. Regional players are Privé Technologies and Sarwa. Emerging players are Endowus and StashAway. HSBC Global Private Banking is listed as a broad incumbent. StepStone Group is listed as an others.
Does Altnovel have an API?
No public API is recorded for Altnovel.
What industry is Altnovel in?
Altnovel's product category is Alternative Investments Platform. Its primary akta.pro industry code is FSAGAEAL, Alternatives & Multi-Asset Digital Wealth Platforms (PE/VC/Real Assets access), with a secondary code of FSAAABAO, Digital/Hybrid Private Wealth (Robo-Enabled HNW Service). Its NAICS code is 523940 and its SIC code is 6282.