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Wealth management firm Farther more than doubles valuation following $31m Series B | Fintech InShorts: Latest fintech news, analysis by experts

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Wealth management firm Farther more than doubles valuation following $31m Series B

By Laura M

October 2, 2023

Farther raises $31 million in Series B funding, valuing the wealth management firm at $131 million, doubling its previous valuation.

Facts

Raised $31 million in an oversubscribed Series B funding round.
Valued at $131 million, more than double its previous valuation.
Led by Lightspeed Venture Partners, with participation from existing investors.
Combines technology-driven automation and human-led advisory services.
Primarily serves wealth advisors and high-net-worth clients.
Raised $53 million in total investment.
Manages close to $700 million in assets as of April 2023.
CEO Taylor Matthews plans to strengthen the team and technology.
Focus on enhancing the firm’s wealth management portal and competitive compensation structure for advisors.

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