AI Wealth Management Company Savvy Wealth Closes $100 Million Series C Funding Round, Valuation Rises to $600 Million
According to WealthManagement, AI wealth management firm Savvy Wealth has announced the closing of a $100 million Series C funding round, bringing its valuation to $600 million. Led by Halo Fund, the round included participation from existing investors such as Thrive Capital, Industry Ventures, and Index Ventures. To date, the company's total funding has exceeded $200 million.
Savvy Intelligence, Savvy Wealth’s AI-powered wealth management platform, utilizes large language models from OpenAI and Anthropic to train AI agents that support the integration of investment, tax, and financial planning data, streamlining wealth management processes through AI. The newly raised funds will be primarily directed toward expanding the development of software products tailored for wealth advisors.