Vise has raised a total of $126.5 million over multiple funding rounds, achieving a $1 billion valuation. The company leverages artificial intelligence to help financial advisors build, manage, and explain personalized investment portfolios, offering tools for reporting, tax loss harvesting, rebalancing, and proposal generation. With its innovative AI-driven platform, Vise is at the forefront of Wealth 3.0, empowering both advisors and investors.
What Is Vise?
Founded in 2016 and headquartered in New York City, Vise was co-founded by Runik Mehrotra to make personalized investing accessible and efficient. The company utilizes AI to assist financial advisors in constructing tailored portfolios across all asset classes, enabling smarter, more automated, and transparent investment management.
With a lean team of around 70 employees, Vise focuses on building technology that scales with clients’ needs, from independent advisors to larger advisory firms. Its platform combines automation, analytics, and portfolio insights, helping advisors save time and grow assets under management effectively.
Vise Funding History
Vise has progressed through several key funding rounds, growing steadily with investor support:
- First Infusion of Capital: $20,000 from Dorm Room Fund, to help navigate early fundraising and initial product development.
- Seed Round: $2 million from Keith Rabois (Founders Fund) and Ben Ling (Bling Capital), enabling the launch of Vise’s AI-enabled portfolio manager.
- Series A (May 2020): $14.5 million led by Sequoia Capital, used to accelerate advisor partnerships and enhance product development.
- Series B (December 2020): $45 million from Sequoia Capital, supporting team expansion and platform enhancements.
- Series C (May 2021): $65 million led by Ribbit Capital and Sequoia Capital, to scale technical infrastructure and expand market reach, bringing Vise to a $1 billion valuation.
Total Amount Raised: $126.5 Million
Latest Funding Date: May 18, 2021
Key Investors
- Sequoia Capital: A leading venture capital firm investing across technology, healthcare, consumer, and financial services. Notable past investments include Apple, Google, and Oracle.
- Ribbit Capital: Specializes in financial technology startups, backing innovative solutions in wealth management. Notable investments include Coinbase, Robinhood, and Credit Karma.
- Founders Fund focuses on transformative technologies, with notable investments in SpaceX, Palantir, and Airbnb.
- Allen & Company: A private investment firm supporting media and technology sectors, with participation in Vise’s Series B round.
- Greenoaks Capital: Invests in long-term technology growth, supporting companies like Brex, Robinhood, and Coupang.
What’s Next for Vise?
Vise is well-positioned to tap into the $84 trillion wealth management industry, empowering advisors with AI-driven tools. Assets under management have grown fourfold to $250 million, highlighting strong market demand.
Future growth opportunities include expanding platform capabilities, onboarding more independent advisors, and increasing AI-driven automation for portfolio management. Additional fundraising rounds may be pursued to support these initiatives.
Challenges remain, including scaling infrastructure to handle larger asset volumes, navigating regulatory requirements, and competing with established wealth management solutions. Overcoming these hurdles will be key for Vise to continue its growth trajectory.
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