CapitalG’s Post

Feeling so blessed and honored to be part of yet another remarkable milestone at Farther – raising $72 million (while surpassing $5 billion in AUM) in Series C funding, catapulting our firm’s valuation to $542 million! Thank you to our amazing clients and investors for your continued support. These achievements would be impossible without you. I can’t wait to see where this next chapter takes us! #gofarther #wealthmanagement #wealthtech #financialadvisor #teamfarther

It's a milestone moment for Farther! We’re thrilled to share that we have closed our Series C funding round, raising $72 million and simultaneously surpassing $5 billion in assets under management. A big thank you to our investing partners, CapitalG and Viewpoint, for their support as we enter this next chapter. With this funding, we are poised to enhance the advisor experience and elevate our innovative platform to set a new standard in wealth management. Curious about what’s next for Farther? Read Bloomberg's coverage by Katie Roof: https://lnkd.in/g_rkfae2. #gofarther #wealthmanagement #wealthtech #financialadvisor #teamfarther

DLA Piper has advised EQT Ventures on its Series A investment in Pactio Holding ("Pactio"), a provider of an AI-enabled multi-sided tech platform for private market transactions aimed at building the infrastructure layer for all private capital. EQT Ventures, among other existing and new investors, led the Series A investment round where Pactio raised USD 14 million. Pactio is a UK fintech company providing an AI-enabled software infrastructure transforming how private market deals are executed using a multi-sided platform that brings together investors, advisors, and fund administrators. Pactio's platform helps investors and advisors to mitigate risks and inefficiencies, while maintaining deal structure to generate a single source of truth for investment structures. The team from DLA Piper consisted mainly of Mikael Moreira and Joacim Kanstedt from DLA Piper in Sweden, as well as Jeff Lehrer and Cara Hupprich from DLA Piper in the US. #DLAPiper #AI #fintech #privateequity

Financial advisory clients will increasingly benefit as technology handles more administrative tasks, allowing advisors to focus on serving their clients. This is a significant win for WealthTech tools that empower professionals to prioritize personal connection.

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://lnkd.in/gpJ3SMtt Read more about Farther’s Series C: https://lnkd.in/gxngt5Tb Catch up on more WealthTech news with our WealthTech Strategy Partners blog site: https://lnkd.in/gK-TxPx6 #wealthtech #fintech #SeriesC #Farther #wealthmanagement

Skunkworks Software is something truly special, and anyone who knows me understands that I don’t deal in BS. Josh Bios, who has known me for a long time, built his business like a warrior, and I have nothing but respect for him. We’re aiming to have our website ready by Thursday—good enough for the upcoming event—but what really matters is that our 2 terabytes of code are ready to go. I’m just going to write "TIBOR" on my name sticker. My friend Rich will be there with me as well. WealthTech and a financial factory are what Skunkworks is all about. We dominate the energy markets—and I should know, having been a top human analyst back when I sold research that would have been ranked No. 1. During that time, I worked with five of the top 10 hedge funds, covering equities, bonds, and energy. Oh on our offering the valuation changes everyday as we are running live. in 56 days running we will prove all the data live and then the valuation is impossible no matter what I say it's worth more. If your an investor might be something special here. If you’re from any bond fund anywhere and if its government bonds your in my world., I’d love to go head-to-head in the bond market. In fact, I’m ready to face anyone in any market. This project took longer than I expected, but we built a digital wealth factory that covers all asset classes. #joshbios #GCN #GCNInvestorConferenceatNewportBeachMarriott

Embracing the future of finance means continuous learning and quick adaptation 🏃🏼 It's no longer about having the latest technology, as highlighted in the Gartner report on the New Operating Model for Autonomous Finance. We must also deeply understand the transformations happening around us to harness their power. 👉 The key takeaway? Being on the "hockey stick" of learning means committing to perpetual growth and understanding the broader implications of these technological advancements. Say goodbye to manual data entry! New technologies connect to our systems and populate reports with real-time information and charts. This allows us to focus on analysing data and spotting trends. We ensure our team keeps up with these advances. 🌀 Do you enjoy fast-paced environments of continuous change? Then take a look at the open position on our team! http://bit.ly/3yfx2pW cc: Dr. Andre Retterath, Daniel Caspar, Laura Winter, Maurice Henry Büttgenbach, Sandra Küst, Knut Thode, Martin Sperling, Lukas Künzel, Earlybird Venture Capital, DATEV eG, Fundrbird, VESTBERRY, bunch, Apex Group, Ltd loyos bi   #FinanceTransformation #TechInnovation #ContinuousLearning #AutonomousFinance #FutureOfWork

Meet Wealth Solutions Report's newest Wealthtech Leader of the Month, Vickie (Edwards) Lewin of Amplify. We also cover:   Smarsh Launches Annual Services Plan, Aiming For Cost Predictability   PensionPro Partners With 7 Simple Machines On Compliance And Payrolls For TPAs   Lighthouse Wealth Tech Labs Partners With Surge Ventures   CapIntel Integrates With FactSet On Proposal Generation Tools For Advisors   The Sycamore Company Integrates With Quik! On Client Form Automation    Commonwealth Financial Network To Launch Outsourced Tech Stacks For Advisors    AlphaTrAI Rebrands As Praxis Solutions, Inc, Repositioning Its Offering And Value Prop   Farther Closes $72 Million Funding Round, Surpasses $5 Billion In AUM   Facet Raises Additional $35 Million In Funding Round Led By Multiplier Capital   FusionIQ Appoints Eric Noll As CEO, Completes New Fundraising Round   F2 Strategy Report: Advisors Remain Dissatisfied With CRMs https://lnkd.in/gkqgDQvh   #WealthManagement #FinancialAdvisors #Wealthtech #Fintech

From the funding frenzy of 2020 and 2021 to the corrective chill of 2022 and 2023, the venture community stands on the cusp of a promising 2024. The latest edition of our Sydeletter dives into the market's recent dynamics and the emerging opportunities for syndicate investors. With exit markets turning around and liquidity increasing, the sentiment is largely positive and the overarching belief is that venture fundraising will start to pick up in 2024, suggesting a resurgence of syndicate and deal-by-deal investing. Below are the highlights of key considerations for syndicate investors engaging in deal-by-deal investing from our Sydeletter: 1️⃣ The critical role of your syndicate in generating deal flow. 2️⃣ The importance of becoming a super-connector for founders and established managers. 3️⃣ The necessity of clear, transparent communication with LPs. 4️⃣ Operationalize your workflows and build repeatable processes to run a successful syndicate. As the VC market continues to bounce back, syndication becomes an increasingly viable investment strategy for emerging managers. For more insights like these, sign up for our bi-weekly Sydeletter here: https://lnkd.in/gJiMJ3cN