Today Apex Group announced a partnership with Inveniam, which uses a blockchain and AI-based platform to provide trusted valuation data for alternative assets such as real estate and private equity. The solution allows Apex to offer its clients’ Valuation as a Service’. Last year Apex led a $25 million Series A funding for Inveniam.
Publicly listed assets are easy to buy and sell, partly because of a liquid market and because pricing data is readily available. In contrast, private assets often involve extracting information from the seller by request and then performing due diligence on the data that can take months.
Inveniam’s ‘Valuation as a Service’ aims to speed up the time consuming due diligence needed for private asset valuations, while at the same time allowing the asset owner to keep control of the data. An interested buyer can be given permission to view the data.
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