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Altitude offering alternative investment tools raises $500K in a pre-seed round

ISN Team
New Update
Funding 2

Altitude, a fintech startup that specializes in providing alternative investment tools, has raised $500,000 in a pre-seed funding round led by a diverse group of over 40 investors, spanning various sectors and institutions such as Swiggy/DineOut, Yes Bank, Good Glamm Group, Robinhood, and Wipro. 

According to the company's statement, the raised capital would be utilized to launch its flagship product, Altitude Prism, and fortify its leadership in fund and risk management teams.

Altitude aims to list its product on the NSE

Altitude Prism, a fixed-income instrument, is not just a new product but a strategic move by the company, which aims to list it on the National Stock Exchange. The platform is designed to introduce investors to a new class of alternatives that extend beyond conventional corporate and Non-Banking Financial Company (NBFC) bonds.


Altitude's commitment to catering to both existing and new investors is evident in its approach to providing investment solutions that promise annual yields of 16-18%, presenting a significant Delta of 4-5% over traditional fixed-income products. The company underscores that this key differentiator sets it apart from other investment platforms in the market.

What is Prism Fund?

The Prism Fund, Altitude’s inaugural offering, encompasses diverse holdings sourced from private market opportunities, which have historically been inaccessible to individual investors.

The startup said it aims to create a financial ecosystem that not only offers lucrative investment opportunities but also ensures that such an ecosystem is widely accessible, thereby fostering a more inclusive investment landscape.

Additionally, Altitude is focused on offering alternatives that promise higher yields, coupled with its commitment to making previously exclusive private market opportunities accessible to a wider investor base, which positions it as a noteworthy player in the fintech space. 

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