.png)
.png)
Total amount raised
$105.8M
Latest funding date
2025-07-02
Location
Savvy Wealth has successfully raised $72 million over 4 funding rounds, with the latest being a Series B round involving 9 investors. The firm is backed by 18 investors, including Canvas Prime, Brewer Lane Ventures, Alumni Ventures, and Industry Ventures.
What Is Savvy Wealth?
Savvy Wealth is a technology-driven wealth management firm headquartered in New York, NY. The company operates in multiple industries, including Financial Services, FinTech, Information Technology, Personal Finance, and Wealth Management. It combines real-world financial expertise with advanced technology to offer personalized financial planning and investment management services.
Founded in 2021, Savvy Wealth employs between 51-100 people and manages $4 billion in assets. The firm works with trusted custodians like Charles Schwab & Co., Inc. and Fidelity to ensure the security of client assets. With over 100 experienced advisors, Savvy Wealth aims to provide a seamless and efficient financial experience through its proprietary technology.
How Much Funding Has Savvy Wealth Raised?
- Series B
- Amount Raised: USD 72,000,000
- Date: July 2, 2025
- Lead Investors: Industry Ventures
- Other Investors: Vestigo Ventures (new), Euclidean Capital (new), Canvas Ventures, Thrive Capital, The House Fund, Brewer Lane Ventures, Vamsi Yadlapati
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To enhance core technology, recruit technical talent, expand the independent advisor network, and accelerate AI tool development for personalized client knowledge bases.
- Series A (A-2 tranche)
- Amount Raised: USD 15,500,000 (completing a total Series A of USD 26,500,000)
- Date: August 5, 2024
- Lead Investors: Canvas Ventures
- Other Investors: Thrive Capital, Index Ventures, The House Fund, Brewer Lane Ventures, Alumni Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To modernize wealth management with AI tools and support company growth targeting financial advisors.
- Series A-1
- Amount Raised: USD 11,000,000
- Date: November 10, 2022
- Lead Investors: The House Fund
- Other Investors: Index Ventures, Thrive Capital, Brewer Lane Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To onboard new financial advisors and roll out a direct-to-consumer acquisition model.
- Seed
- Amount Raised: USD 7,300,000
- Date: February 24, 2022
- Lead Investors: Index Ventures, Thrive Capital
- Other Investors: Jordan Park, A* Capital, BoxGroup, Operator Partners, Global Founders Capital, and notable angel investors
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and launch of the platform and drive business development and talent investment.
Total Amount Raised: USD 105,800,000 (at least $105.8M based on disclosed funding). Current Valuation: Not publicly disclosed.
Key Investors
- Industry Ventures
- Details: Industry Ventures is a Washington, D.C.- and Boston-based investment firm managing over $8 billion in institutional capital. It specializes in secondary investments and direct investments in technology companies, serving as lead investor in Savvy Wealth's Series B.
- Investment Focus Areas: Technology, software, healthcare
- Notable Investments: Twitter, Uber, Dropbox
- Canvas Ventures
- Details: Canvas Ventures (also known as Canvas Prime) is a venture capital firm investing in Series A and B startups in fintech, digital health, and AI. Canvas Ventures led Savvy Wealth's Series A-2 tranche in August 2024.
- Investment Focus Areas: Fintech, digital health, AI
- Notable Investments: Not publicly disclosed
- Vestigo Ventures
- Details: Vestigo Ventures is a strategic fintech-focused venture capital firm founded by Mark Casady, the former CEO and Chairman of LPL Financial. Casady joined Savvy Wealth's board of directors as part of the Series B investment.
- Investment Focus Areas: Fintech, wealth management, financial services
- Notable Investments: Not publicly disclosed
- The House Fund
- Details: The House Fund is an early-stage venture capital firm that focuses on startups emerging from UC Berkeley. They provide seed funding and support to innovative companies and led Savvy Wealth's Series A-1.
- Investment Focus Areas: Technology, education, healthcare
- Notable Investments: Not publicly disclosed
- Index Ventures
- Details: Index Ventures is a global venture capital firm that invests in technology and life sciences companies. They co-led Savvy Wealth's seed round and have participated in subsequent rounds.
- Investment Focus Areas: Technology, life sciences, fintech
- Notable Investments: Dropbox, Robinhood, Slack
What's Next for Savvy Wealth?
As Savvy Wealth looks to the future, the opportunities are vast. The firm plans to onboard several new financial advisors and roll out a direct-to-consumer acquisition model aimed at high-net-worth individuals and families. This approach could significantly expand their market reach, offering services like financial planning, insurance, charitable giving, crypto investments, and tax filing.
Given the increasing demand for tech-forward, personalized financial services, Savvy Wealth is well-positioned for future fundraising. Their history of successful funding rounds suggests that additional investment could be on the horizon to further develop their technology and expand their advisor base. However, challenges remain, such as overcoming outdated industry processes and ensuring seamless integration of new advisors and clients while maintaining personalized service.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data on companies like Savvy Wealth and gather other critical business insights. Sign up for free to start transforming your sales strategy today.
