Tech Company Financing Transactions
Savvy Wealth Funding Round
Canvas Ventures, Alumni Ventures and Brewer Lane Ventures joined a $26.5 million Series A funding round for Savvy Wealth. The financing was announced on 8/5/2024.
Transaction Overview
Company Name
Announced On
8/5/2024
Transaction Type
Venture Equity
Amount
$26,500,000
Round
Series A
Investors
Proceeds Purpose
The company intends to use the funds to accelerate the development of its artificial intelligence (AI)-powered technology platform, expand its product and engineering teams, and recruit entrepreneurial advisors to its national affiliate registered investment advisor (RIA), Savvy Advisors.
Company Information
Company Status
Private & Independent
Industry
FinTech
Mailing Address
Undisclosed
New York, NY Undisclosed
USA
New York, NY Undisclosed
USA
Phone
Undisclosed
Website
Email Address
Overview
Savvy is a technology-driven wealth management firm with an emphasis on building software to drive automation and efficiency for wealth managers so they can focus on what truly matters ?-- quality time with clients. We are able to grow rapidly by acquiring traditional wealth management firms and supercharging them with our software to make them dramatically more efficient and support more clients without adding additional headcount.
Profile
Social Media
Company News
Facebook
YouTube
Management Team
Title
Name
Email & Social
Chief Executive Officer
Ritik Malhotra
Chief Technical Officer
Muller Zhang
Browse more venture capital transactions:
Prev: 8/5/2024: Muon Space venture capital transaction
Next: 8/5/2024: Assisterr venture capital transaction
Share this article
About Our Venture Capital Transactions Database
Our team works diligently to report on funding rounds that are announced publicly. All VC database entries reported here are sourced from news reports and company announcements. The information comes to us via our partnership with VentureDeal.com, an affiliated venture.
Additional Resources for Entrepreneurs