Farther Raises $72M in Series C Round, Crosses $5B AUM

Technology RIA Farther closed a $72M Series C funding round, bringing total funding to-date to more than $118M, the company reported in an October 10 press release.

The investment round was co-led by CapitalG and Viewpoint Ventures and increases Farther’s post-money valuation to $542M. The firm aims to broaden its advisory network and wealth management platforms through the funding.

Farther also said it has now surpassed $5B in aggregate assets under management, representing fivefold year-over-year growth from its nearly $1B AUM in September last year.

With the Series C investment, CapitalG and Viewpoint join prior backers, including Bessemer Venture Partners, Context Ventures, Cota Capital, Khosla Ventures, Lightspeed Venture Partners, MassMutual Ventures, and Moneta Venture Capital.

View the press release here.