Vise, an AI-powered investment management platform designed for advisors, announced today that it has secured $65 million in Series C funding. Ribbit Capital led the latest round, which included existing investors such as Sequoia Capital since its inception to more than $125 million. Vise’s assets under management have more than quadrupled to over $250 million since the Series B funding round in December 2020, and client accounts have more than doubled. In addition, the company finished integrating with major custodians and released several new product features for customers. Vise aipowered series 1b crooktechcrunch.
Vise has strengthened its executive team with the additions of Andrew Fong, former Vice President of Infrastructure Engineering at Dropbox, as Chief Technology Officer, and Dave Twardowski, former Vice President at Avantis Investors and Dimensional Fund Advisors, as Vice President and Head of Investment Strategy. The additional funding will accelerate Vise’s platform investments, hiring of the best available talent, and the launch of new product features. One key focus area will be scaling the engineering function led by CTO Fong. Vise aipowered 65m series.
“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.” AI powered 65m 1b crooktechcrunch.
“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 designed specifically for advisors. Vise, founded in 2016 by Samir Vasavada and Runik Mehrotra, provides financial advisors with tools and technology to help them grow their businesses and help their clients achieve their goals. This includes developing highly personalized portfolios, fully automating the investment management process, and providing in-depth analysis of each investment decision. Vise advances its mission of creating financial freedom for all by empowering advisors. Vise’s headquarters are in New York City. This does indeed show the power they are having and how it has made an impact to create things better at a very great level. It also shows the way they want to move in for greater success.
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