Announced
Completed
Financials
Tags
Acquisition
Minority
Completed
Friendly
Venture Capital
Private Equity
Domestic
United States
digital investment platform
Private
Digital Services
Synopsis
Insight Partners, a venture capital and private equity firm, led a $50m Series B funding round in Altruist, a developer of a digital investment platform designed to help financial advisors serve their clients. Other investors include Venrock and Vanguard. "Just like any financial advisor, Altruist wants to help people feel great about their money. At the same time, we want to help our industry innovate beyond the antiquated and expensive legacy tools that impede financial advisors and their clients. There are millions of people who want real, quality financial help, and there are thousands of advisors who want to serve a diverse community of investors. Altruist is here to bridge that gap," Jason Wenk, Altruist Founder and CEO.
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