Online wealth planning platform wealth.com announced today that it has successfully closed a $30 million Series A funding round led by GV (formerly Google Ventures).
Other participants included Citi Ventures, Outpost Ventures (an investment platform of Neuberger Berman), 53 stations (supported by the Pritzker Organization) and Firebolt Ventures (led by productive technology investor Gokul Rajaram). The funding will support the enhancement of wealth.com's technology and integration capabilities and the development of new features tailored to the needs of advisors and their clients.
“Half of all personal wealth in the US will change hands over the next two decades. As we navigate the largest wealth transfer in history, the need and opportunity for estate planning solutions has perhaps never been greater,” said Elena Sakachpartner in GV. “Clients naturally turn to their trusted advisors for guidance in this important pursuit, and wealth.com's unique approach will make it easier for advisors to meet their clients' holistic planning needs. We are excited to support the wealth.com founding team in this next phase of growth and I look forward to joining their board.”
This funding follows the recent launch of wealth.com Family Office Suitea collection of sophisticated wealth management tools designed for high net worth clients. The suite aims to improve advisors' ability to efficiently manage complex estates with features that simplify wealth visualization, optimize tax planning and streamline reporting processes with the help of proprietary AI “Ester”, which accelerates data collection by extracting and immediately save the key information from the client's planning documents.
“We are on a mission to modernize estate planning through innovative technology,” he added Rafael Loureirochief executive at wealth.com. “Accompanied by this extraordinary group of investors, we are not only prepared to achieve this vision, but we are already delivering results. Our platform has simplified and unlocked access to estate planning for thousands, highlighting the generational change we are making in the industry. This investment validates our efforts to disrupt estate planning while supporting our continued growth and ability to serve an ever-expanding client base.”
In the year 2024 WealthManagement.com Industry priceswealth.com was recognized as 'Best Technology Provider' in the Trust category and CEO Rafael Loureiro received the Advisor Choice Award for Technology Providers: CEO of the Year.