PANTA, a London-based provider of the first cloud-native Index Operating System, has raised £3 million ($4 million) in seed funding, with £1.5 million in equity led by Fuel Ventures and £1.5 million as an Innovate UK loan. The SaaS platform enables index providers and asset managers to design, test, calculate, manage, and operate bespoke indices and portfolios with automation and full IP control. The capital will accelerate product development, engineering hires, and commercial scaling ahead of a Series A in early 2027.
Custom Indices Boom in $25T Market
The raise aligns with surging demand for custom indices amid a $25 trillion global indexing ecosystem per company site. UK fintech funding rose 5% year-over-year in 2026 according to industry reports, while direct indexing assets are projected to reach $800 billion to $1 trillion by year-end per Cerulli Associates. PANTA's no-code tools target legacy spreadsheet reliance in this space, differentiating from data-focused rivals like BITA, Veli, and Syntax.
Legacy Systems Stall Index Innovation
The $25 trillion indexing industry underpins £9.1 trillion in UK assets and $120 trillion globally, yet relies heavily on manual spreadsheets and outdated infrastructure per PANTA announcement. Index revenues grew 13.4% year-over-year to $7.2 billion in 2025 via Burton Taylor report. Current solutions lack scalable automation for blended indices, corporate actions, and rapid backtesting, slowing custom portfolio launches for asset managers.
No-Code Lab Transforms Index Design
PANTA Lab offers no-code index design, backtesting, analytics, governance, and workflow automation. Its Index Calculation Engine handles daily computations, data integrations from providers like MSCI and ICE, and production-scale operations. Unlike crypto-focused Veli or data-centric Syntax, PANTA serves traditional equity and fixed income with full lifecycle control.
As CEO Tobias Sproehnle noted:
"Producers and users of indices have been limited for too long by outdated systems. PANTA digitalises the entire value chain."
Fuel Ventures Validates Index Shift
Fuel Ventures, which backed fintechs like Volt, led the equity portion, signaling conviction in infrastructure plays. The Innovate UK loan reflects government priority for deep tech scaleups amid a refreshed £1.1 billion strategy per Sifted. This blend of private and public capital positions PANTA for institutional adoption post-pilot.
Awards Cement Early Traction
PANTA secured exclusive partnership with Rimes, serving clients with $75 trillion AUM per partnership announcement, and won Startup of the Year plus Financial Sector Innovation at FStech Awards 2026 per company blog. These milestones validate its operating system approach in a market shifting to self-service platforms.
Veterans Drive 150 Years Expertise
Founders Tobias Sproehnle and Mark Pralle bring over 150 years combined experience from exits like Moorgate Benchmarks to Morningstar and stints at Thomson Reuters, Markit, and LSE per team page. Their track record in index benchmarks equips PANTA to replace legacy ops with cloud-native precision.
Hiring Fuels Series A Push
Post-funding, PANTA launched roles in sales, marketing, product management, DevOps, and backend development across London per LinkedIn activity. Recent MSCI data integration enhances backtesting, signaling product maturity for national rollout and Series A preparations.