FOR IMMEDIATE RELEASE
[Pittsburgh, PA – March 13, 2024] – Exchangelodge, a leading provider of innovative solutions in private markets data and workflow management, is excited to announce a significant investment from Innovation Works. Innovation Works is a renowned venture capital firm dedicated to fostering technological innovation and entrepreneurship, focused on southwestern Pennsylvania.
This strategic investment will fuel Exchangelodge’s continued growth trajectory, enabling the company to expand its cutting-edge offerings and accelerate its market penetration globally. Innovation Works, known for its expertise in identifying and supporting promising ventures, recognizes Exchangelodge’s potential to revolutionize private market data workflows with its forward-thinking approach and state-of-the-art technologies.
“We are thrilled to partner with Innovation Works as we embark on this exciting phase of growth and innovation,” said Ian Rubenstein, CEO at Exchangelodge. “Their investment not only validates the strength of our vision and business model but also provides us with the resources and expertise to continue to enhance our solutions and expand our reach across new client verticals.”
Exchangelodge has built a reputation for delivering innovative solutions that empower investors and fund managers to navigate the complexities of the modern private markets landscape with ease and confidence. With Innovation Works support, the company is poised to introduce groundbreaking advancements, expand its reach, and continue to support their clients’ management of critical data workflows.
“Exchangelodge, led by the industry veteran Ian Rubenstein, is transforming data management for top-tier private market managers,” said Peter Erin, Senior Investment Associate at Innovation Works. “Born out of SteelBridge Labs, the FinTech incubator arm of a private markets consulting firm, Exchangelodge benefits from Ian’s extensive experience as an Executive Director at GCM Grosvenor.” Offering seamless integration and enhanced efficiency, Exchangelodge is poised for growth as regulatory, reporting, and investment challenges make data workflow management a competitive advantage in private markets.
This investment marks a significant milestone for Exchangelodge and underscores the company’s commitment to innovation, excellence, and customer satisfaction. With the backing of Innovation Works, Exchangelodge is well-positioned to lead the way in shaping the future of private market data workflows.
For more information about Exchangelodge and its innovative solutions, please visit www.exchangelodge.com.
About Exchangelodge: Developed for the private markets industry, Exchangelodge automates inefficient, error-prone manual data processes, and supplies actionable information ready for decision-making.
The software powers data workflows by integrating existing systems and cleansing all data for accuracy and completeness with its sophisticated business rules engine. By implementing Exchangelodge’s configurable platform, clients improve data conviction and execute their business goals with scale and precision.
Leading GPs, LPs and service providers are adopting Exchangelodge technology to use their private markets data with confidence. With Exchangelodge, trusted private markets data emerges.
About Innovation Works: Innovation Works is a venture capital firm dedicated to fostering technological innovation and entrepreneurship. With a focus on supporting visionary entrepreneurs and disruptive technologies, Innovation Works aims to drive positive change and create lasting impact in the world. To learn more, visit www.innovationworks.org.