How Much Did Farther Raise? Funding & Key Investors

Farther has successfully raised significant funding over multiple rounds, positioning itself as a rapidly growing player in the financial services industry. The platform offers a comprehensive suite of wealth management services, integrating tax-intelligent solutions, investment opportunities, and technology-enhanced advice.

Keep reading to explore the intricacies of Farther's fundraising journey and the investors backing this innovative platform.

What Is Farther?

Farther is a financial services firm that offers a comprehensive wealth management platform. The company leverages advanced technology to provide tax-intelligent solutions, access to private market opportunities, and personalized financial advice.

With advisors based in various locations including Boston, San Francisco, and Los Angeles, Farther manages $15 billion in assets and is recognized as the fastest-growing financial services firm in the US. The firm aims to optimize after-tax returns and enhance wealth-building through a combination of experienced advisors and cutting-edge technology.

How Much Funding Has Farther Raised?

1. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: September 2019
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To establish the company and develop its initial technology platform.
2. Seed Round
   • Amount Raised: Not publicly disclosed
   • Date: June 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To further develop the platform and begin scaling operations.
3. Non-Equity Assistance
   • Amount Raised: Not publicly disclosed
   • Date: December 2020
   • Lead Investors: Not publicly disclosed
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To support operational costs and technology enhancements.
4. Series A
   • Amount Raised: USD 15,000,000
   • Date: May 2022
   • Lead Investors: Bessemer Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To expand the advisor network and enhance the technology platform.
5. Series B
   • Amount Raised: USD 31,000,000
   • Date: September 2023
   • Lead Investors: Lightspeed Venture Partners
   • Valuation at Round: Not publicly disclosed
   • Motivation Behind the Round: To accelerate growth and further develop the platform's capabilities.
6. Series C
   • Amount Raised: USD 72,000,000
   • Date: October 2024
   • Lead Investors: CapitalG, Viewpoint Ventures
   • Valuation at Round: USD 542,000,000
   • Motivation Behind the Round: To expand the advisor network and enhance the platform, boosting advisor productivity.

Total Amount Raised: USD 118,000,000. Current Valuation: USD 542,000,000.

Key Investors

• CapitalG
  • Details: CapitalG is the independent growth fund of Alphabet, Google's parent company. It focuses on investing in technology companies with high growth potential.
  • Investment Focus Areas: Enterprise infrastructure, security, data, fintech, consumer services, marketplaces.
  • Notable Investments: Airbnb, Stripe, Lyft.
• Viewpoint Ventures
  • Details: Viewpoint Ventures is a late-stage venture capital firm based in New York City. It invests in businesses that empower human "producers" with technology and services to unlock growth.
  • Investment Focus Areas: Wealth management, real estate, insurance.
  • Notable Investments: Not specified.
• Bessemer Venture Partners
  • Details: Bessemer Venture Partners is a venture capital firm that invests in early to growth-stage companies. It has a long history of backing innovative technology firms.
  • Investment Focus Areas: Early to growth-stage technology companies.
  • Notable Investments: LinkedIn, Shopify, Pinterest.
• Lightspeed Venture Partners
  • Details: Lightspeed Venture Partners is a venture capital firm that invests in the enterprise and consumer sectors. It has a global presence and a diverse portfolio.
  • Investment Focus Areas: Enterprise technology, consumer technology.
  • Notable Investments: Snap, Affirm, Grubhub.
• Khosla Ventures
  • Details: Khosla Ventures is a venture capital firm that focuses on early-stage investments in technology. It was founded by Vinod Khosla, co-founder of Sun Microsystems.
  • Investment Focus Areas: Early-stage technology companies.
  • Notable Investments: DoorDash, Square, Impossible Foods.

What's Next for Farther?

Farther's future looks promising as it continues to expand its advisor network and enhance its wealth management platform. With over $5 billion in assets under management and a recent $72 million Series C funding round, the company is well-positioned to leverage its proprietary technology to improve operational efficiencies and boost advisor productivity. This growth trajectory opens up significant opportunities for Farther to attract more seasoned advisors and expand into new markets.

Future fundraising opportunities seem likely, given the company's rapid growth and strong market confidence. The recent investment from CapitalG and Viewpoint Ventures underscores the potential for additional funding rounds to support further expansion and technological advancements. However, Farther will need to navigate challenges such as maintaining its growth rate, staying ahead of technological advancements, and managing regulatory compliance.

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