Altruist joined the Unicorn Club after raising $152M in a Series F funding round, achieving a $1.5B valuation. The Los Angeles-based company provides portfolio management software for financial advisors, integrating AI-driven research, workflow management, and digital brokerage services. Its platform supports goal-based saving, tax optimization, expense tracking, and investment management, enabling advisors to manage client portfolios efficiently.
Keep reading to explore Altruist’s funding history, key investors, and what’s next for this investment tech innovator.
What Is Altruist and What Does It Do?
Founded in 2018, Altruist is headquartered in Los Angeles, California, United States. The company delivers a digital platform for financial advisors, combining AI-powered research and portfolio management tools with an integrated brokerage system.
Altruist supports tax planning, expense management, and goal-based savings, enabling advisors to make data-driven decisions and enhance client outcomes.
How Much Funding Has Altruist Raised?
- Series F
- Amount Raised: $152M
- Date: April 22, 2025
- Lead Investors: Baillie Gifford, Vanguard
- Motivation: Expand platform features, scale digital brokerage services, and enhance AI-driven portfolio management.
Total Funding Raised: $602M
Latest Funding Date: April 22, 2025
Key Investors
- Baillie Gifford
- Details: Global investment firm backing high-growth technology and fintech companies.
- Investment Focus Areas: Investment tech, SaaS platforms, and digital financial services.
- Notable Investments: Stripe, Robinhood, and other fintech unicorns.
- Vanguard
- Details: Leading asset management company investing in financial technology and innovation.
- Investment Focus Areas: Digital investment platforms, portfolio management, and financial services tech.
- Notable Investments: Emerging fintech solutions for advisors and investors.
Where Is Altruist’s Headquarters?
Altruist is headquartered in Los Angeles, California, United States, providing access to top fintech talent and a hub for investment technology innovation.
What’s Next for Altruist?
With $602 million in total funding and a $1.5 billion valuation, Altruist plans to scale its AI-powered portfolio management platform, expand digital brokerage capabilities, and enhance workflow tools for financial advisors. The company aims to improve investment decision-making, streamline portfolio operations, and accelerate adoption across the advisor and wealth management ecosystem.
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