73 Strings Secures $55M Series B Funding Led by Goldman Sachs
Deal News | Feb 25, 2025 | Goodwin
73 Strings, a French technology company, has secured $55 million in a Series B financing round aimed at bolstering its data extraction, monitoring, and valuation solutions tailored for the private capital industry. The funding round was spearheaded by Growth Equity at Goldman Sachs Alternatives and counted Blackstone Innovations Investments, Golub Capital, Hamilton Lane, and Broadhaven Ventures among its participants. The infusion of capital is intended to enhance 73 Strings' technological infrastructure, hasten the adoption of AI-based solutions, and propel its international market extension. Goodwin's Paris Technology team, under the leadership of Thomas Dupont-Sentilles and supported by Louis Tasl d'Hliand and Grégoire Mongis, advised Blackstone Innovations Investments on this transaction.
Sectors
- Financial Technology
- Private Equity and Venture Capital
- Artificial Intelligence
Geography
- France – 73 Strings is identified as a French technology company.
- United States – The involvement of US-based investors such as Blackstone Innovations and Goldman Sachs suggests a significant US influence.
Industry
- Financial Technology – The article deals with 73 Strings, a company providing technology solutions for the private capital sector, which falls under the financial technology or 'fintech' category.
- Private Equity and Venture Capital – The article discusses a financing round involving private equity firms and venture capital participants such as Blackstone Innovations and Goldman Sachs.
- Artificial Intelligence – 73 Strings aims to integrate new AI-based features, placing the company in the artificial intelligence sector.
Financials
- $55 million – The amount of financing secured by 73 Strings in the Series B round.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| 73 Strings | Target Company | Company | A French technology company specializing in data extraction, monitoring, and valuation solutions for the private capital industry. |
| Blackstone Innovations Investments | Investor | Company | An investment firm that participated in the Series B financing of 73 Strings. |
| Goldman Sachs Alternatives | Lead Investor | Company | The growth equity branch of Goldman Sachs that led the Series B funding round. |
| Golub Capital | Investor | Company | Participant in the Series B financing of 73 Strings. |
| Hamilton Lane | Investor | Company | Participant in the Series B financing of 73 Strings. |
| Broadhaven Ventures | Investor | Company | Participant in the Series B financing of 73 Strings. |
| Goodwin | Legal Advisor | Company | Provided legal advisory services to Blackstone Innovations Investments for the transaction. |
| Thomas Dupont-Sentilles | Legal Advisor | Person | Led Goodwin's Paris Technology team in advising Blackstone Innovations Investments. |
| Louis Tasl d'Hliand | Corporate | Person | Part of Goodwin’s Paris team involved in the transaction. |
| Grégoire Mongis | Corporate | Person | Part of Goodwin’s Paris team involved in the transaction. |