Investment service FutureAdvisor raises $15.5 million to fund its growth

May 21
8:44 AM 2014

(Reuters) - FutureAdvisor, a San Francisco-based investment advisory service geared toward investors with between $100,000 and $1 million to invest, said it raised $15.5 million in funding to build its business.

The company is among start-ups taking aim at traditional banks and money managers. Wealthfront, a company that provides automated investment management services for individual investors, raised $35 million earlier this year from Greylock Partners and others.

LendingClub, which allows borrowers and lenders to connect directly, raised more than $100 million in debt and equity earlier this year from T. Rowe Price and others. Check, which helps customers track bills and bank balances, raised $24 million last year from Morgenthaler Ventures and others.

Canvas Venture Fund led FutureAdvisor's latest round. Founded in 2010 by two formerMicrosoft engineers, FutureAdvisor has now raised $21.5 million from Sequoia Capital and others. (Reporting by Sarah McBride; Editing by Cynthia Osterman)

© 2023 VCPOST, All rights reserved. Do not reproduce without permission.


Join the Conversation

Subscribe to VCpost newsletter

Sign up for our Deals of the Day newsletter.
We will not spam you!

Real Time Analytics