Total amount raised
$2.1 Million
Latest funding date
09/01/2022
Location
Savart has successfully raised funding over three rounds, with notable investors including BEENEXT, 100Unicorns, and Venture Catalysts. The platform offers personalized investment advice using advanced AI technology, focusing on stocks, mutual funds, gold, and bonds.
Keep reading to explore the intricacies of Savart's fundraising journey and the investors backing this innovative platform.
What Is savart?
Founded in 2017, Savart is an investment advisory firm based in Hyderabad, Telangana, India. The company leverages advanced AI technology to offer personalized investment advice across various financial instruments, including stocks, mutual funds, gold, and bonds.
Operating in the financial services and fintech sectors, Savart has a team of 51-100 employees. The platform aims to simplify, personalize, and diversify investments, providing high-quality advice tailored to individual risk profiles and investment goals.
How Much Funding Has savart Raised?
- Pre-Seed Round
- Amount Raised: USD 100,000
- Date: May 2018
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and launch of Savart's wealth management platform.
- Seed Round
- Amount Raised: USD 549,000
- Date: November 2021
- Lead Investors: BEENEXT
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To fuel growth and development, enhancing the platform's capabilities and expanding its user base.
- Seed Round
- Amount Raised: USD 1,500,000
- Date: September 2022
- Lead Investors: 100Unicorns, Venture Catalysts
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To invest in marketing, product development, and expansion into new territories.
Total Amount Raised: USD 2,149,000. Current Valuation: Not publicly disclosed.
Key Investors
- 100Unicorns
- Details: 100Unicorns is a startup accelerator and venture capital firm that invests in early-stage startups. They provide funding, mentorship, and resources to help startups grow and scale.
- Investment Focus Areas: Technology, healthcare, consumer goods
- Notable Investments: Not publicly disclosed
- Venture Catalysts
- Details: Venture Catalysts is a network of angel investors that provides seed funding and mentorship to startups. They aim to support innovative ideas and help them become successful businesses.
- Investment Focus Areas: Fintech, healthtech, edtech
- Notable Investments: Not publicly disclosed
- BEENEXT
- Details: BEENEXT is a venture capital firm that invests in early-stage technology startups in Asia. They focus on supporting entrepreneurs with a long-term vision and innovative ideas.
- Investment Focus Areas: Technology, e-commerce, SaaS
- Notable Investments: Not publicly disclosed
- 9Unicorns
- Details: 9Unicorns is a startup accelerator and venture capital firm that invests in early-stage startups. They offer a structured program to help startups grow and succeed.
- Investment Focus Areas: Early-stage startups, various sectors
- Notable Investments: Not publicly disclosed
- Venture Catalysts' Angel Fund
- Details: Venture Catalysts' Angel Fund is a network of angel investors that provides seed funding and mentorship to startups. They focus on nurturing innovative ideas and helping them grow.
- Investment Focus Areas: Seed-stage startups, various sectors
- Notable Investments: Not publicly disclosed
What's Next for savart?
As Savart looks to the future, the opportunities for growth are substantial. With plans to expand into new territories and enhance their product offerings, the company aims to grow its assets under advisory to $1 billion by the end of 2023. This ambitious target is supported by their innovative use of psychometric analysis to create customized investment portfolios, which has already attracted 100,000 clients across 20 countries.
To achieve these goals, Savart may need to secure additional funding rounds. The competitive landscape, featuring rivals like Smallcase and Wealthfront, will require Savart to continuously innovate and effectively utilize their resources. Challenges such as managing rapid growth and ensuring the effective use of funds for marketing and product development will be critical to their success.
Use Clay to Get Funding Data
Sales professionals, take advantage of Clay's platform to access comprehensive fundraising data on companies like Savart and gather other critical business insights. Sign up for free and start leveraging these powerful tools today.
