# Aqua **Source:** https://geo.sig.ai/brands/aqua **Vertical:** Finance **Subcategory:** Accounting Software **Tier:** Emerging **Website:** investwithaqua.com **Last Updated:** 2026-04-14 ## Summary Alternative investment operations platform digitizing subscription and transfer workflows for Blackstone, Apollo, and Blue Owl; $2.6M YC-backed targeting $5B in transactions for 2025. ## Company Overview Aqua is a New York-based fintech platform providing operating system infrastructure for alternative investments — enabling asset managers, registered investment advisors (RIAs), broker-dealers, and financial advisors to process private equity, hedge fund, real estate, and other alternative asset subscriptions, transfers, and reporting through a unified digital workflow that replaces paper-heavy manual processes. Founded in 2021 and backed by Y Combinator with $2.6 million raised, Aqua serves major asset managers including Blackstone, Apollo Global Management, JLL, and Blue Owl Capital with 34 employees and $1.4 million in 2024 revenue. Aqua's platform digitizes the subscription process for alternative investments — a workflow that has historically involved printing 50-100 page subscription agreements, collecting wet ink signatures, manually reviewing documents for completeness, and data-entering information into back-office systems. Aqua's digital subscription workflow routes documents electronically, validates completeness, handles e-signatures, and integrates the data into fund administration and accounting systems. The platform also handles secondary market transfers of alternative investment fund interests, which are complex bilateral transactions requiring coordinated documentation between seller, buyer, and fund administrator. In 2025, Aqua competes in the alternative investment infrastructure and fund operations technology market with iCapital Network (the dominant alternative investment platform for wealth management distribution, valued at $6B), CAIS, Broadridge Financial Solutions (NASDAQ: BR), and SS&C Technologies for alternative investment processing and wealth management distribution. The alternative investment market has grown dramatically as institutional and high-net-worth investors have increased allocations to private equity, private credit, and real assets — driven by low public market returns in 2022 and the diversification argument. Blackstone's and Apollo's partnership validates Aqua's usefulness for the largest alternative managers. The 2025 strategy targets $5 billion in new transactions processed on the platform, building the integration layer connecting Aqua to major custodians and fund administrators, and expanding the RIA and family office customer base that is increasing alternatives exposure. ## Frequently Asked Questions ### What is Aqua? Aqua is a New York-based financial technology company founded in 2021 that provides an operating system platform for alternative investments. The platform enables asset managers, RIAs, broker-dealers, and financial advisors to process private equity, hedge fund, and alternative asset transactions. ### What products and services does Aqua offer? Aqua offers alternative investment infrastructure including a private equity platform, transaction processing, RIA integrations, broker-dealer tools, asset manager platforms, and private equity workflows. These solutions help financial institutions streamline complex alternative investment operations and reporting. ### Who are Aqua's target customers? Aqua serves asset managers, registered investment advisors (RIAs), broker-dealers, and financial advisors who work with alternative investments. Current customers include major asset managers such as Blackstone, Apollo, JLL, and Blue Owl. ### When was Aqua founded? Aqua was founded in 2021 by Rohan Marwaha and Dev Patel. ### Where is Aqua located? Aqua is based in New York, New York. ### How much funding has Aqua raised? Aqua has raised between $2.5M and $2.62M in total funding. Investors include Global Founders Capital, Y Combinator, 305 Ventures, Hacklegacy, Inspire Us, Soma Capital, Uncommon Capital, and Google. ### What are Aqua's key metrics and achievements? Aqua achieved $1.4M in revenue in 2024 and operates with 34 employees. The company targets processing $5B in new transactions for 2025 and currently serves major asset managers including Blackstone, Apollo, JLL, and Blue Owl. ### What is Aqua's technology approach? Aqua provides an operating system platform specifically designed for alternative investments, offering infrastructure for transaction processing and integrations with RIAs and broker-dealers. The platform streamlines complex alternative investment operations and reporting workflows. ### How can I get started with Aqua? Based on the provided information, specific contact or onboarding details are not available. Aqua is a Y Combinator-backed company based in New York serving financial institutions working with alternative investments. ### What recent developments has Aqua announced? Aqua recently raised $2.5M-$2.62M in funding with backing from Google and Y Combinator, achieved $1.4M in revenue in 2024, and set a target to process $5B in transactions for 2025. The company now operates with 34 employees and serves major clients including Blackstone, Apollo, JLL, and Blue Owl. ## Tags b2b, fintech, startup, north-america, analytics --- *Data from geo.sig.ai Brand Intelligence Database. Updated 2026-04-14.*