Passthrough, a pioneer in fund workflow automation for investors, fund managers, and other fintechs, announced today a $10 million Series A round of funding. This brings the total funding amount to $15 million. Positive Sum led the round again, joined by Motley Fool Ventures, Broadhaven Ventures, and returning investors Company Ventures and Great Oaks VC.

Passthrough also launched their latest standalone anti-money laundering and know-your-customer offering, which collects information from investors, screens it against domestic and international sanctions lists, and provides case management tools to ensure regulatory compliance.

Passthrough allows investors to accelerate the fundraising process for subsequent funds with a few clicks, allowing fund managers to close capital commitments in minutes rather than weeks. By combining seamless fund workflows with structured, interoperable investor identity information, their mission is to become the default fund closing platform for fund managers, fintechs, and other large asset managers.

Later this year, a new API integration offering will provide enterprises and other fintechs with an embeddable fund closing option, with improved customization for a seamless experience in meeting fund workflow needs.