Range, a Mclean, VA-based provider of an AI WealthTech platform, raised $28M in Series B funding.
The round was led by Cathay Innovation and joined by Gradient Ventures and other investors, bringing the total amount to $40M. Simon Wu, Partner of Cathay Innovation, also joins Range’s board of directors.
The company intends to use the funds to accelerate product development and scale its engineering teams to enhance its AI-powered platform.
Co-founded by Fahad Hassan and David Cusatis in 2021, Range is a provider of a SaaS solution, which connects every aspect of wealth management including tax filing, estate planning, retirement planning, insurance, and investments, plus their in-house financial advisors who optimize each member’s portfolio. The platform uses a transparent, flat-fee pricing model rather than taking a percentage of a client’s wealth, and integrates investment services, tax planning, estate planning, retirement planning, and insurance needs.
In less than two years, Range attracted more than 1,000 high-net-worth members and now advises them on nearly $3 billion in assets.
FinSMEs
26/11/2024