Vise raises $65 million in Series C

Vise , an AI-powered investment management platform built for advisors, announced it has raised $65 million in a Series C funding round led by Ribbit Capital, with participation from existing investors including Sequoia Capital. The Series C round brings the total capital raised since Vise’s founding to over $125 million.

Founded in 2016, Vise automates investment management for financial advisors using AI. The startup has built a full-stack platform spanning the entire lifecycle of the advisor-client relationship, including designing personalized portfolios for clients, managing portfolios, and providing on-going intelligence.

“In 2020, we successfully focused on strengthening our foundation, and now in 2021 we are focused on scaling Vise to make it an even more valuable platform for advisors and their clients. In the past year our assets under management have grown by more than 60x and we’ve seen incredibly strong demand from advisors. Put simply, this funding will allow us to make even bigger investments faster.” – Samir Vasavada, Co-Founder and CEO of Vise.

“Vise’s rapid growth is a reflection of the progress the team has made over the past year in advancing its technology and building a truly world-class team. Since we first partnered with Vise at the seed, the company is in an even stronger position to benefit from powerful tailwinds in the industry. We couldn’t be more excited to be further deepening our partnership with Samir, Runik and team.” – Shaun Maguire, Partner at Sequoia and Vise board member.

“Vise has the opportunity and potential to shape the future of investment management. We’re excited to partner with Samir and Runik and the entire Vise team as they work to empower financial advisors with the technology and tools they need.” – Micky Malka, Managing Partner at Ribbit Capital.