Vise, an AI-powered investment management platform designed for advisors has announced that it has raised $65 million in Series C funding. The latest round was led by Ribbit Capital and included existing investors such as Sequoia Capital. Vise’s total capital raised since its inception now exceeds $125 million with the Series C round. Since the Series B funding round in December 2020, Vise’s assets under management have more than quadrupled to over $250 million, and client accounts have more than doubled. Furthermore, the company completed integration with major custodians and launched several new product features for customers. Vise Aipowered Series 1b Crooktechcrunch.
Andrew Fong, former Vice President of Infrastructure Engineering at Dropbox, has joined Vise as Chief Technology Officer, and Dave Twardowski, former Vice President at Avantis Investors and Dimensional Fund Advisors, has joined as Vice President and Head of Investment Strategy. The additional funding will help Vise accelerate platform investments, hire the best available talent, and launch new product features. Scaling the engineering function, led by CTO Fong, will be a key focus area.
“We successfully focused on strengthening our foundation in 2020, and now in 2021, we are focused on scaling Vise to make it an even more valuable platform for advisors and their clients,” said Samir Vasavada, Vise’s Co-Founder and CEO. “Our assets under management have increased more than 60 times in the last year, and we’ve seen tremendous demand from advisors. Simply put, this funding will allow us to make larger investments more quickly. Vise aipowered 65m series.
“Vise’s rapid growth reflects the progress the team has made in advancing its technology and building a truly world-class team over the past year,” said Shaun Maguire, Partner at Sequoia and Vise board member. “Since we first partnered with Vise at the seed stage, the company has been in a better position to capitalize on the industry’s powerful tailwinds. We are thrilled to be expanding our collaboration with Samir, Runik, and the rest of the team.” “Vise has the opportunity and potential to shape the future of investment management,” Ribbit Capital Managing Partner Micky Malka said. “We’re thrilled to be working with Samir and Runik, as well as the entire Vise team, to provide financial advisors with the technology and tools they require. Vise Series 1b Crooktechcrunch.
About Vise
Vise is an AI-powered investment management platform tailored to advisors. Samir Vasavada and Runik Mehrotra founded Vise in 2016 to provide financial advisors with tools and technology to help them grow their businesses and help their clients achieve their goals. This includes the creation of highly personalized portfolios, the complete automation of the investment management process, and the provision of in-depth analysis of each investment decision. Vise’s mission of creating financial freedom for all is furthered by empowering advisors. The headquarters of Vise are in New York City.
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