The Dispatch
A back office worth trillions, still run on spreadsheets
Private markets manage tens of trillions of dollars. For much of that money, the work of figuring out what an investment is actually worth - and reporting it to the people who own it - is still done by hand, in spreadsheets, once a quarter. 73 Strings was founded in Paris in 2020 to close that gap.
The company builds an AI-powered platform for the private capital industry: private equity, private credit, venture capital, growth equity, and infrastructure. Its job is unglamorous and enormous - collect the data buried inside fund documents and portfolio-company reports, monitor how those companies are performing, and estimate the fair value of assets that don't trade on any public exchange. 73 Strings describes itself as "the governed data and valuation infrastructure for transaction-grade private markets."
What makes it notable isn't a flashy consumer product. It's the roster of backers. In February 2025, 73 Strings raised a $55 million Series B led by Growth Equity at Goldman Sachs Alternatives, with Blackstone, Hamilton Lane, Golub Capital, and Broadhaven Ventures joining. Goldman and Blackstone compete on almost everything - yet both decided the same problem was worth backing.
Figures are company-reported or third-party estimates. AUM refers to assets managed by institutions using the platform, not assets held by 73 Strings.
Products & Services
Three modules, one workflow
The platform is built around three connected modules. Each solves a distinct piece of the middle-office problem, and together they move a fund from raw documents to a defensible valuation.
01 / EXTRACT
73 Extract
Automated ingestion that turns unstructured sources - portfolio-company reports, fund PDFs - into structured data, with a claimed ~99% accuracy. It attacks the part of the job nobody enjoys: re-keying numbers by hand.
02 / MONITOR
73 Monitor
Real-time portfolio intelligence and performance tracking across equity and credit strategies, with dashboards, custom reporting, and an audit trail for stakeholders and regulators.
03 / VALUE
73 Value
An AI-enabled valuation engine that produces fair-value estimates reportedly up to 10x faster and at roughly half the cost - cheap enough to run monthly rather than quarterly.
How It's Different
Equip the industry, don't fight it
Many fintech startups pitch disruption. 73 Strings sells into the incumbents instead. Rather than replacing general partners, it hands them tooling - which is a large part of why firms like Goldman Sachs and Blackstone are comfortable both using and funding it.
INTEGRATED
End-to-end, not point tool
Extract, Monitor, and Value share one data spine, so a number sourced from a document flows through to a valuation and a report without re-keying.
GOVERNED
Built for audit
SOC 1 and SOC 2 compliance and an audit trail target the exact concerns of institutional buyers and regulators - "transaction-grade" data, in the company's words.
The alternatives: traditional third-party valuation-services firms and providers such as Kroll, plus data and portfolio-monitoring platforms like Chronograph, Allvue, and Anduin. But the most common competitor is still the in-house spreadsheet.
The Founders
Built by people who did the manual work
CEO Yann Magnan spent years inside the valuation-services business before co-founding 73 Strings - watching analysts rebuild the same models every quarter. The founding thesis was simple: scale the software, not the headcount.
YM
Yann Magnan
CEO & Co-Founder
AP
Abhishek Pandey
Co-Founder · Chief Corporate Development Officer
Find 73 Strings
Links & profiles
Profile compiled from public sources including 73strings.com, BusinessWire, Sifted, Silicon Canals, The Drawdown, and Crunchbase. Financial figures are company-reported or third-party estimates and are approximate. Last reviewed July 2026.
