Vise has raised a total of $126.5 million across multiple funding rounds, achieving a valuation of $1 billion. 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 and What does it do?
Vise, founded in 2016 by Runik Mehrotra and headquartered in New York City, is a fintech company that uses AI to assist financial advisors in constructing tailored portfolios across all asset classes. The platform enables smarter, more automated, and transparent investment management, including portfolio construction, tax loss harvesting, rebalancing, and client proposals.
Vise employs around 70 people, focusing on building technology that scales with clients’ needs—from independent advisors to larger advisory firms. Its AI-driven platform combines automation, analytics, and portfolio insights to help advisors save time and efficiently grow assets under management.
How Much Funding Has Vise Raised?
- First Infusion of Capital
- Amount Raised: $20K
- Date: Early Stage
- Lead Investors: Dorm Room Fund
- Motivation: To support initial fundraising and early product development.
- Seed Round
- Amount Raised: $2M
- Date: 2017
- Lead Investors: Keith Rabois (Founders Fund), Ben Ling (Bling Capital)
- Motivation: To launch Vise’s AI-enabled portfolio manager.
- Series A
- Amount Raised: $14.5M
- Date: May 2020
- Lead Investors: Sequoia Capital
- Motivation: To accelerate advisor partnerships and enhance product development.
- Series B
- Amount Raised: $45M
- Date: December 2020
- Lead Investors: Sequoia Capital
- Motivation: To expand the team and enhance platform capabilities.
- Series C
- Amount Raised: $65M
- Date: May 2021
- Lead Investors: Ribbit Capital, Sequoia Capital
- Motivation: To scale technical infrastructure and expand market reach, bringing Vise to a $1 billion valuation.
Total Funding Raised: $126.5 Million
Latest Funding Date: May 18, 2021
Key Investors
- Sequoia Capital
- Details: Leading venture capital firm investing across technology, healthcare, consumer, and financial services.
- Notable Investments: Apple, Google, Oracle.
- Ribbit Capital
- Details: Focuses on financial technology startups and innovative wealth management solutions.
- Notable Investments: Coinbase, Robinhood, Credit Karma.
- Founders Fund
- Details: Venture capital firm investing in transformative technologies.
- Notable Investments: SpaceX, Palantir, Airbnb.
- Allen & Company
- Details: Private investment firm supporting media and technology sectors.
- Notable Investments: Participated in Vise’s Series B round.
- Greenoaks Capital
- Details: Invests in long-term technology growth.
- Notable Investments: Brex, Robinhood, Coupang.
Where Is Vise’s Headquarters?
Vise is headquartered in New York City, New York, at the heart of the U.S. financial and technology ecosystem. This location provides access to top fintech talent, investors, and financial institutions.
What’s Next for Vise?
Vise is 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, reflecting strong demand for its services. Future growth opportunities include expanding platform capabilities, onboarding more independent financial advisors, and increasing AI-driven automation for portfolio management.
Key challenges involve scaling infrastructure to handle larger asset volumes, navigating regulatory requirements, and competing with established wealth management solutions. Successfully addressing these factors will be crucial for continued growth.
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