Farther, a technology-bolstered advisory firm, announced it has raised $72 million USD in a Series C round, co-led by CapitalG (Alphabet’s growth fund) and Viewpoint Ventures. Other notable investors include Bessemer Venture Partners, Khosla Ventures, and Lightspeed Venture Partners.
This funding boosts Farther’s valuation to $542 million as the company surpasses 5000 customers and $5 billion in assets under management, marking 5x year-over-year growth.
Farther’s technology infrastructure automates administrative tasks, allowing advisors to spend 90% of their time on client relationships and growing their businesses. CEO Taylor Matthews remarked, "This investment strengthens our commitment to reshaping wealth management by empowering advisors and delivering superior client experiences."
With over $117 million raised to date, Farther continues to attract industry-leading advisors, expand its wealth management platform, and demonstrate the ever-growing market opportunity for tools that enhance advisor-in-the-loop services.
Learn more about Farther: https://www.farther.com/about-us
Read more about Farther’s Series C: https://www.businesstimes.com.sg/startups-tech/alphabets-capitalg-backs-startup-making-tech-wealth-advisers
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