The private capital network for family offices has been in the hands of its 100 Founding Members since March and has already closed two of Mondevo Group’s own acquisitions.
ABU DHABI, UAE and GENEVA, Sept. 30, 2026 /PRNewswire/ — In November 2025, Mondevo Group announced its vision: to create a private capital network for global family offices, with AI at its core. Four months later the platform was live, ahead of plan. It is now open beyond its founding group.
Ittikar is where family offices analyse deals, invest and raise capital. Behind it sits a family office with a 25-year investment track record and relationships across 500 family offices. Mondevo Group used the platform to acquire Caruso, the Italian menswear house, in February, and Underscore District, the Milan-based brand accelerator behind Magliano, GR10K and the multi-brand retailer WOK Store, in August. Ittikar’s due diligence engine carried both deals from analysis through to completion.
“We did not launch Ittikar with a demonstration. We launched it on our own deals, with our own capital. The Group bought Caruso and Underscore District with the same engine our members use: the whole data room read and graded in days, every finding sourced, the investment committee memorandum drafted before the advisers would normally have finished their first pass.”
Fabio Brambilla, Co-founder, Ittikar and Mondevo Group
Mondevo Tech, the Group’s technology division, builds Ittikar in-house: more than 50 engineers directing 120 AI coding agents. It is developed in alignment with GDPR, NIS 2 and the EU AI Act. Each member family holds its data in its own sovereign Data Pod, in a jurisdiction of its choice, under its own encryption.
“A family’s data is the family’s. That principle determined the architecture, and it is why we built to the strictest European standards rather than the most convenient ones.”
Cristiano Motto, Co-founder and Chief Technology Officer, Ittikar and Mondevo Group
The intelligence behind the platform is vertical. Every member has their own assistant, Itti, and the specialist agents behind it work in one domain: private markets. They are calibrated to each family’s investment profile, its Capital DNA™, and built on how a deal team reads a data room, how an investment committee weighs risk, and how a raise is structured and matched.
“Generic AI can summarise a document. It cannot take a family office through a transaction. Ittikar’s AI was built by people with experience executing real transactions and applying institutional investment standards. The AI does the analysis. Ittikar’s investment team reviews every deal before it is published on the platform. The family decides.”
Chris Shann, Head of Investment and AI Enablement, Ittikar
The Founding Members are deliberately diverse: founding families, single family offices, multi-family offices, entrepreneurs and family conglomerates, across Asia, the Middle East, Europe and Latin America, and across industries from consumer and luxury to real estate, finance, industry and Technology. With the first release complete, Ittikar now opens at tiered levels of membership. Details are at ittikar.com.
“Ittikar is a business enabled by AI. It analyses data at a depth no single family office could resource, and shortens the deal cycle from months to days. It is a buy-side platform, built for family offices, not a place where deals are sold to investors. Members see only what matches their Capital DNA™, rather than the unfiltered deal flow the market is used to.”
Hussam Otaibi, Founder, Ittikar and Mondevo Group
Development of the second release began in September. Like the first, it will run for nine months, with capabilities delivered progressively up to June 2027: portfolio analysis, monitoring and reporting in early 2027, negotiation tools in the second quarter, and by mid 2027 the ability for members to tokenise assets and settle co-investments on distributed ledgers, delivered through licensed partners. A first tokenisation proof of concept is planned before the end of this year.
Notes to editors
About Ittikar. Ittikar is the private capital network for global family offices, built by a family office and enabled by AI. It is where family offices analyse deals, invest and raise capital: institutional-grade due diligence, curated co-investment and direct capital raising on one buy-side platform, where every member sees only what matches its Capital DNA™. Live since March 2026. Part of the Mondevo Group.
www.ittikar.com
About Mondevo Group. Mondevo Group is a global private holding company operating at the intersection of investment, technology and luxury. It harnesses AI-native capabilities and a worldwide network of ultra-high-net-worth families to build enduring businesses in sectors with high barriers to entry and strong long-term growth. www.mondevogroup.com
Media contact
Roberta Callegari, Head of Media and Communications, Mondevo Group and Ittikar
roberta.callegari@mondevogroup.com
This press release is for general information purposes only and does not constitute, and should not be construed as, an offer, invitation or inducement to engage in investment activity, or a solicitation to buy, sell or subscribe for any security or other financial instrument. It is not investment, legal, tax or other professional advice and should not be relied upon in connection with any investment decision. Membership numbers, network figures and references to transactions completed with the support of the platform are stated as at the date of this release, may be approximate, and are provided as illustration only; past performance is not a reliable indicator of future results. References to licences, authorisations or certifications described as in process, expected or being finalised indicate an intention only, with no assurance that they will be obtained or obtained on the timetable indicated. Statements about future platform capabilities are forward looking and subject to change; actual outcomes may differ materially. Regulated services, where offered, are provided only by an appropriately licensed entity, in the jurisdictions where it is permitted to do so, under separate agreement. This release is not directed at, and must not be acted upon by, any person in a jurisdiction where doing so would be contrary to applicable law or regulation.
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