Altruist Raises $50M in Series B Funding
- Altruist, a Los Angeles CA-based provider of platform for modern financial advisors, raised $50M in Series B funding
- The round was led by Insight Partners, with follow-on participation from Series A investor Venrock, as well as Vanguard
- In conjunction with the funding, Jon Rosenbaum, Principal at Insight Partners, will be joining Altruist’s board, and Jeff Horing
- The company intende to use the funds to expand operations and its product offerings
- The company provides a platform for modern financial advisors to improve make personalized financial advice operations
- The company serves Registered Investment Advisors with an integrated digital platform that allows them to open accounts, invest, build models, report, and bill, all in one place
