Savvy Wealth Secures $100M Series C Funding at a $600M Valuation
Savvy Wealth, an AI-native registered investment advisor managing $9 billion in client assets, has raised $100 million in its latest funding round. The company's valuation now stands at $600 million, reflecting a significant increase over the past 15 months. This Series C financing was led by Halo Fund and included participation from existing investors such as Thrive Capital and Goldman Sachs' Industry Ventures. The funds will be used to expand Savvy’s AI-driven platform for financial advisors, including developing its proprietary product 'Savvy Intelligence,' which unifies client data across investments, tax planning, and financial services. The company also plans to enhance access to alternative investment strategies and deepen integrations with custodians like Fidelity and Schwab. Founded in 2021 by CEO Ritik Malhotra, Savvy has raised over $200 million since inception through multiple funding rounds. With the latest round, it aims to accelerate growth while leveraging AI tools from OpenAI and Anthropic.
Tickers: $GS
Topics: AI Fintech Investment Management Startup Growth