Farther raises $31 million in Series B funding, valuing the wealth management firm at $131 million, doubling its previous valuation.
Facts
- Raised $31 million in an oversubscribed Series B funding round.
- Valued at $131 million, more than double its previous valuation.
- Led by Lightspeed Venture Partners, with participation from existing investors.
- Combines technology-driven automation and human-led advisory services.
- Primarily serves wealth advisors and high-net-worth clients.
- Raised $53 million in total investment.
- Manages close to $700 million in assets as of April 2023.
- CEO Taylor Matthews plans to strengthen the team and technology.
- Focus on enhancing the firm’s wealth management portal and competitive compensation structure for advisors.
