Allianz Life Ventures announced it has invested in Halo Investing during the company’s most recent Series B financing round. Halo is an independent multi-issuer technology platform for structured notes, which have traditionally only been available to wealthy investors because they require a minimum investment of over $1 million. The Halo platform uses analytics to help financial professionals transparently manage structured note portfolios for clients, allowing them to monitor notes, analyze trends and sell for access to secondary liquidity.
Halo has raised $11 million from venture capitalists including an affiliate of Piton Investment Management, William Blair Circle, an affiliate of William Blair, and Allianz Life Ventures. The funds will allow Halo to continue to expand its operations around the world and better facilitate its rapidly growing business. In addition, Halo plans to use the money raised to pursue two strategic initiatives aimed at changing the way structured products are manufactured, purchased and traded.