PANTA seed backing funds cloud automation of index design, calculation and delivery
This article covers PANTA, a fintech startup, which has raised £3m in a seed funding round led by Fuel Ventures. The funding is intended to accelerate replacement of legacy index operations with a cloud-native, end-to-end system and to support asset managers, index providers and data platforms in creating and managing index products.
PANTA, a fintech startup building cloud-based software for index creation and portfolio management, has raised £3 million in a seed funding round led by Fuel Ventures — money the founders say will accelerate replacement of legacy index operations with a modern, end-to-end system. The raise is significant because it targets an industry that still relies heavily on manual workflows even as demand grows for data-driven, bespoke index products.
Why it matters
Index products sit at the core of investment markets and, according to the company, underpin more than £9.1 trillion in UK assets under management and over $120 trillion globally. Much of the index production chain remains dependent on spreadsheets, manual checks and ageing infrastructure, which slows product launches and increases operational risk. PANTA aims to address those frictions by automating the full lifecycle of index design, calculation and delivery in a cloud-native environment.
Inside the product
PANTA combines front-end design tools with a scalable calculation engine to let clients create, test and launch indices in minutes. Key capabilities highlighted by the company include automated rebalancing, centralised reporting and compliance workflows, and a SaaS delivery model intended to consolidate design, calculation and distribution for asset managers, index providers and data platforms.
The founders say the platform is designed to replace legacy index operations and to reduce the operational burden on teams that still rely on manual processes. PANTA reports it has onboarded its first live clients and established strategic partnerships, though the company did not disclose client names in the announcement.
Who are the investors?
The round was led by Fuel Ventures and totals £3 million. No additional investors were named in the announcement.
In the announcement, Mark Pearson, Managing Partner at Fuel Ventures, said:
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.
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Founder perspective
PANTA was founded by Tobias Sproehnle and Mark Pralle. Both bring industry experience from data and market infrastructure firms: Sproehnle previously held roles at Markit, Thomson Reuters, London Stock Exchange and Morningstar; Pralle has experience at Markit and Morningstar. They built the platform to automate index design, calculation and delivery, positioning it as an alternative to patchwork, manual systems that many producers still rely on.
The bigger picture
The funding sits within a broader trend of investment into financial infrastructure and tools that reduce operational complexity for asset managers and providers. The deal reflects growing interest from fintech investors in infrastructure plays that enable product innovation without adding headcount or manual processes. If PANTA can translate its early client wins into broader adoption, it could become part of a wave of tools modernising how indices are created and maintained across the market.
The outcome will be worth watching in the UK and Europe, where firms are under pressure to deliver more customised, data-driven index products while keeping costs and compliance under control.
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