WealthTech Range Raises $28M in Latest Funding Round

AI-powered wealth-tech company and RIA Range reported closing its Series B funding round at $28M, bringing total funding to date to $40M. 

Cathay Innovation led the funding round, with support from other investors, including Gradient Ventures. The McLean, VA-based company intends to use the fresh funds for its expansion, product development, and to scale its engineering teams to boost AI-driven capabilities in wealth management solutions.

Range said it manages nearly $3B in total assets for the over 1,000 high-net-worth clients that it has amassed in less than two years.

Source: https://www.range.com/blog/ai-wealthtech-company-range-raises-28-million

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