Ellis
Category: AI in Fintech
AI-native operations platform for private credit that reconciles fragmented data across fund administrators, GLs, loan systems, and bank feeds into a single source-verifiable book. Ellis was founded in 2025. The company is led by Ryan Williams. Based in New York, NY. Team size: 11-50. Total funding raised: $11M. Latest round: Seed. Key investors include First Round Capital (lead), 645 Ventures, Harlem Capital, Khosla Ventures, Slow Ventures, Wilshire Lane, Westbound, Collide Capital, Gallery Ventures, Kearny Jackson, Thrive Capital.
- Founded
- 2025
- Headquarters
- New York, NY
- Team size
- 11-50
- Total funding
- $11M
Value proposition
Ellis connects and reconciles portfolio, fund, and investor data across the systems private credit firms already use — fund administrators, general ledgers, loan servicing systems, bank feeds — into one governed, source-verifiable book. Purpose-built AI agents then automate reconciliation, close, reporting, cash forecasting, and portfolio monitoring while keeping human teams in control of approvals.
Products and solutions
Ellis AI-native operations platform: (1) Connect — direct connectors to fund admin, GL, loan accounting, bank feeds, portfolio and compliance data, (2) Understand — reconciled, queryable book with every figure traceable to source, (3) Run — AI agents for reconciliation, close, LP reporting, cash forecasting, scenario analysis, portfolio monitoring, and compliance. SOC 2 Type II in progress.
Unique value
First AI-native operations platform purpose-built for private credit. No rip-and-replace — sits above existing systems. Every number traceable to source row/cell/GL account. Built by a founder who lived the problem at Cadre ($6B transaction value platform).
Target customer
Private credit managers with up to 20 employees and $100M-$1B in AUM; also larger multi-strategy firms. Initial focus on the ~4,000 smaller managers controlling ~$800B of the $2.5T global private credit market.
Industries served
Private credit / private debt / alternative credit
Technology advantage
AI-native architecture with purpose-built agents for private credit workflows; unified data layer that reconciles across disconnected systems without replacing them; source-verifiable outputs with full audit trail; built alongside design partners representing $50B+ in AUM. Founder Ryan Williams brings deep domain expertise from building Cadre (sold for $300M+).
How they differentiate
Ellis is the first AI-native platform built specifically for private credit operations (vs. general alternative investment software). It sits above existing systems rather than replacing them, uses purpose-built AI agents for reconciliation/close/reporting, and provides source-verifiable traceability. Competitors like Allvue and Chronograph are broader alternative investment platforms; SS&C/Apex/Alter Domus are fund administrators. Ellis targets the underserved middle market ($100M-$1B AUM managers).
Main competitors
Allvue Systems, Oxane Partners (Oxane Panorama), Chronograph, SS&C Technologies, Apex Group, Alter Domus
Key partnerships
Design partners representing $50B+ in cumulative AUM, First Round Capital (lead investor), SOC 2 Type II audit in progress
Notable customers
Treville ($2.6B AUM), Haven Capital Partners, Conductor Capital, Lafayette Square, Aquinnah Capital Partners, Kennedy Lewis Capital Company
Major milestones
Founded June 2025, launched in stealth February 2026, $11M seed round closed April 2026 led by First Round Capital, emerged from stealth July 30, 2026, built alongside design partners representing $50B+ in AUM
Market positioning
First-mover in AI-native private credit operations for mid-market managers. Positioned as the operating layer that makes "institutional" describe how well a firm operates, not how much it can spend on infrastructure. Starting with private credit as beachhead with broader private-markets ambitions.
Geographic focus
United States (New York-based), targeting the global private credit market ($2.5T+)
About Ryan Williams
Founder & CEO of Cadre (sold for $300M+ in 2024); Harvard College; Goldman Sachs; Blackstone
Latest news about Ellis
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Official website: https://www.ellis.ai/
