Vise, an AI-driven investment management platform for the modern financial advisor, secured $14.5 million in Series A funding, bringing the total capital raised since Vise’s founding to over $16 million.
Sequoia Capital led the round with participation from existing investors Founders Fund, Bling Capital, Human Capital, Lachy Groom, Steve Chen (co-founder of YouTube), and Jon Xu (co-founder of FutureAdvisor).
Vise will use the latest funds to accelerate the growth of advisor partnerships and product development.
“The registered investment advisor (RIA) landscape is increasingly fragmented as advisors break away from large financial institutions to become independent, and we built Vise to support this new generation of advisor-entrepreneurs,” said Runik Mehrotra, co-founder and Chief Investment Officer of Vise.
“In the same way Shopify enabled artisans to compete against Amazon, or how Airbnb allowed homeowners to launch their own businesses, Vise is giving independent advisers the tools they need to succeed.”
Founded in 2016, by Samir Vasavada and Runik Mehrotra, Vise automates investment management for financial advisors using artificial intelligence. Vise has built a full-stack platform spanning the entire lifecycle of the advisor-client relationship, including designing personalized portfolios for clients, managing portfolios, and providing on-going intelligence. By doing so, Vise helps financial advisors focus on their most valuable resource – their client relationships.
Image by Nattanan Kanchanaprat from Pixabay