Farther, a NYC-based wealth management firm, raised $31M in Series B funding; valued at $131M.
The round was led by Lightspeed Venture Partners, joining existing investors Bessemer Venture Partners, Cota Capital, Khosla Ventures, MassMutual Ventures, and Moneta Venture Capital. This latest round of funding elevates the total capital raised by Farther since its inception in 2019 to $53m.
The company intends to use the funds to support its proprietary wealth management portal – which offers clients a single, unified view of all of their financial products and holdings via one login
Founded by Taylor Matthews and Brad Genser, Farther is technology-centric wealth management firm – combining expert advisors with technology to deliver an efficient, comprehensive, and elite client experience. With modern infrastructure that expands both the scope and scale at which advisors can serve their clients, the platform provides clients with transparency, access, and control, and also allows advisors to earn and accelerate the growth of their books – streamlining administrative tasks to focus on in-depth problem-solving for clients.
Founded in 2019 and backed by venture capital firms, it caters to high-net-worth professionals who need a more holistic approach to managing their money.
FinSMEs
02/10/2023