PANTA, a startup providing cloud-based software for index creation and portfolio management, has raised £3 million in a seed round led by Fuel Ventures. The platform enables financial institutions to build and operate complex, bespoke indices and portfolios at scale, with a focus on speed and precision.
The funding provides additional resources for PANTA as it expands a platform designed to replace legacy index operations with a modern, end-to-end system. Many index producers and users continue to depend on manual workflows and outdated technology.
Combining front-end design tools with a scalable calculation engine, the platform enables clients to create, test and launch indices in minutes. Automated rebalancing, reporting and compliance workflows are intended to help clients reduce operational burden, improve accuracy and bring products to market more quickly. Asset managers, index providers and data platforms use the software to consolidate design, calculation and delivery processes into a cloud-based SaaS environment.
The index industry underpins more than £9.1 trillion in United Kingdom assets under management and more than $120 trillion globally, according to the press release, yet much of the sector still relies on spreadsheets, manual workflows and legacy systems. Growing demand for more flexible and data-driven index products is increasing pressure on providers to modernise infrastructure not built for current scale requirements.
PANTA was founded by Tobias Sproehnle and Mark Pralle. Tobias Sproehnle previously held roles at Markit, Thomson Reuters, London Stock Exchange and Morningstar, while Mark Pralle previously worked at Markit and Morningstar. The founders built the platform to automate index design, calculation and delivery, and PANTA has already onboarded its first live clients and established relationships with strategic partners.
Producers and users of indices have been limited for too long by outdated systems. PANTA digitalises the entire value chain, helping clients innovate faster, operate more efficiently and deliver greater value to investors.
Tobias and Mark are exactly the kind of experienced founders we look to back - combining decades of sector knowledge with the technical ambition to reimagine how an entire industry operates. The index market is long overdue for transformation, and PANTA’s platform is bringing a level of automation and scalability it’s never seen before. With their proven track record of building and exiting high-growth businesses, we’re confident the team is well placed to lead the next wave of innovation in financial data infrastructure.
