Brassica Raises $8M Seed for Investment Infrastructure-as-a-Service API

Brassica Technologies announced the close of an $8 million seed funding round on April 11, 2023, with participation from Mercury Fund, Valor Equity Partners, and other investors. The company operates through its wholly-owned subsidiary, Brassica Trust Company, which has secured a Wyoming Trust Charter to offer regulated custodial and transfer agent services. Brassica's platform is designed as 'investment infrastructure as a service,' providing API-enabled access to custody and administration for alternative assets.

The approach mirrors the BaaS model applied to investment services, allowing fintechs and platforms to embed investment capabilities without building their own custodial infrastructure. The Wyoming Trust Charter provides the regulatory foundation for these services. The seed capital will fund platform development and go-to-market expansion targeting the alternative investment ecosystem.