Passthrough

Fund workflow automation platform that digitizes subscription documents and investor onboarding for private funds. Products: Electronic Subscription Documents (20 min avg completion, 80%+ first-try accuracy), KYC/AML financial crime compliance, investor questionnaires with conditional logic, status monitoring. Integrations: Allvue Systems (Oct 2025), STP BluePrint (Jan 2026), Intapp DealCloud, Altvia, GPFS, Ontra. Goodwin law firm collaboration (‘Goodwin Embark’ product, May 2024). SOC 2 Type II certified, GDPR compliant. Has CISO (Justin Thomas). Founded 2020 by ex-Carta Investor Services team: Tim Flannery (CEO), Ben Doran (CPO), Alex Laplante. $15M total funding ($5M seed Feb 2022, $10M Series A Feb 2023 led by Positive Sum, Motley Fool Ventures). TechCrunch, Built in NYC, BusinessWire coverage. LegalTech Hub listed. VC Stack listed with reviews. NOTE: CEO Tim Flannery’s LinkedIn shows role ending Feb 2026, now Managing Director at iCapital — combined with iCapital’s acquisition of competitor Parallel Markets (Jan 2025), this may signal Passthrough acquisition by iCapital. SEC/FinCEN AML/CTF regulations (Aug 2024) expanded to include investment advisers — directly drives demand for Passthrough’s compliance product.

Company Info

• Founded: 2020
• Team size: 1-10 employees
• Funding: $15M
• HQ: United States
• Sector: Governance/Compliance/Risk Management

What We Haven’t Verified

This page was assembled from publicly available information. Feature claims and workflow mappings are based on what the vendor and third-party listings publish — not hands-on testing or practitioner feedback.