Berlin-based WealthTech startup NAO has successfully secured €3.4 million in seed funding from a diverse group of family offices, private investors, and existing stakeholders, including prominent FinTech expert Jakob Schreyer and VC firm Zeitgeist X Ventures.
Recently honored with the FinTech Germany Award, NAO offers an innovative app-based co-investment platform that democratizes access to alternative investments, enabling users to explore asset classes such as private equity, infrastructure, and hedge funds that were traditionally available only to affluent individuals or institutional players.
Established in mid-2023, NAO has formed strategic partnerships with various banks and asset management companies, including Baader Bank, Chartered Investments, FERI, UniCredit, UBS, and Vontobel, while also extending its operations into Austria.
The company reports that “several thousand” users have adopted the NAO investment app, with an average investment of about €10,000 per customer.
Robin Binder, the founder and CEO of NAO, emphasized the company’s mission: “We believe that everyone should have the opportunity to invest in alternative asset classes like private equity just as easily as they invest in stocks or ETFs. That’s why we’ve developed the first broker dedicated to private and alternative investments. The confidence our investors have placed in us fuels our vision. The new funding will allow us to connect with more leading asset managers, grow our international customer base, and leverage our technology to transform a previously illiquid market into one that is accessible.”