Cashmere, a Los Angeles, CA-based provider of an AI-powered client acquisition platform for wealth management firms, raised $3.6M in Seed funding.
The round was led by Canapi Ventures, with participation from Benchstrength, Plug and Play, The House Fund, Courtyard Ventures, and angel investors.
The company intends to use the funds to drive rapid product development and strategic hiring, including a newly-appointed head of machine learning.
Led by CEO Farbod Nowzad, Cashmere provides an AI-powered client acquisition platform designed for the wealth management industry, which automates the process of discovering, researching, and engaging prospective clients, offering a comprehensive solution that addresses sales, marketing and lead generation challenges faced by the financial services sector.
Key features include:
- Optimal Matching: Identifies and prioritizes the best prospects for each firm.
- Mutual Connections: Discovers potential mutual connections between advisors and prospects.
- Personalized Outreach: Generates and automates tailored content from advisors to specific prospects, for improved engagement.
- Integrations: Cashmere can plug in with an existing CRM to monitor lead lists that firms may already have, and improve discovery through client-similarity modeling.
FinSMEs
11/09/2024