VRGL, Inc., a Dallas, TX-based provider of institutional-grade analytics and automated data extraction to the wealth management industry, raised $15m in Series A funding.
The round was led by MissionOG and FINTOP Capital with participation from founding investors Sallyport Investments and Checchi Capital, as well as Dynasty Financial Partners, Northwestern Mutual Future Ventures, Flyover Capital, Fin Capital, and The Compound Capital.
The company intends to use the funds to scale its operational resources, further grow its sales and partnership capabilities, and execute its product and marketing roadmap.
Led by co-founders Josh Smith, CEO, and Josh Zimmerman, COO, both of whom have a proven track record developing multi-asset class analytics and SaaS-based platforms, VRGL provides a Client Acquisition, Proposal Management, & Retention (“CAPM & R”) tool designed to increase time to revenue and initial check size. With its solution, wealth management firms build trust faster by bringing transparency, visibility, and collaboration across the entire client lifecycle through automated data extraction, institutional-grade analytics, and the ability to generate PDF proposals. The company’s proprietary analytics solution, 5 Pillar AnalyticsTM, include: performance, risk, diversification, taxes, and fees, and statement extraction functionality which removes human capital requirements, allowing the advisor to understand investment gaps and add value more quickly.
FinSMEs
30/08/2022