Total amount raised
$18.3 Million
Latest funding date
11/1/2022
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.
The platform combines technology with financial expertise to offer personalized financial management services, providing a comprehensive view of clients' financial situations. Keep reading to explore the intricacies of Savvy Wealth's fundraising journey and the investors backing this innovative platform.
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 New York, 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 2025
- Lead Investors: Alumni Ventures, Industry Ventures
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To accelerate Savvy Wealth's core technology offering.
- Series A
- Amount Raised: USD 15,500,000
- Date: August 2024
- Lead Investors: Alumni Ventures, Canvas Prime
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the company's growth and target financial advisors.
- Series A-1
- Amount Raised: USD 11,000,000
- Date: November 2022
- Lead Investors: The House Fund
- 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 2022
- Lead Investors: Index Ventures, Thrive Capital
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To support the initial development and launch of the platform.
Total Amount Raised: USD 105,800,000. Current Valuation: Not publicly disclosed.
Key Investors
- Alumni Ventures
- Details: Alumni Ventures is a venture capital firm that invests in high-growth startups. They have a broad portfolio and are known for their extensive network of alumni investors.
- Investment Focus Areas: Technology, healthcare, consumer products
- Notable Investments: Beyond Meat, Robinhood, SpaceX
- Industry Ventures
- Details: Industry Ventures specializes in secondary investments and direct investments in technology companies. They focus on providing liquidity solutions to venture capitalists and entrepreneurs.
- Investment Focus Areas: Technology, software, healthcare
- Notable Investments: Twitter, Uber, Dropbox
- Canvas Prime
- Details: Canvas Prime is a venture capital firm that invests in early-stage technology and innovation-driven companies. They aim to support startups with high growth potential.
- Investment Focus Areas: Technology, innovation, fintech
- 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.
- 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 have a strong track record of backing successful startups.
- 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.
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