Alinea Invest, a NYC-based provider of an AI-powered wealth management app for Gen Z women, raised $3.4m in seed funding.
The round was led by F7 Ventures and GFR and included Worklife Ventures (Bri Kimmel), FoundersX Fund, Gaingels, and Dropbox co-founder Arash Ferdowsi.
The company intends to use the funds to invest in further product development, advancing an AI copilot, personalization features, and other educational initiatives.
Co-founded by Eve Halimi, and Anam Lakhani, and also led by CTO Daniel Nissenbaum, Alinea provides an app powered by AI that makes investing more accessible for Gen Z women by taking a social media, community-first approach. The fundraising follows the reached target of 225,000 downloads of the subscription app.
The 2021 Y Combinator startup had previously raised $2.3m in pre-seed funding from Goodwater, Kima Ventures, Harvard, Diaspora, and others.
With the seed round of $3.4 million, Alinea wants to move farther into the AI market with the launch of an AI financial adviser. While the app is already leveraging a combination of AI and expert advisers to make stock recommendations, the new feature, due out later this year, will offer an interactive way to ask for investing help.
FinSMEs
29/01/2024