Alix raises $5.5 million
Alix, a fintech startup offering estate settlement services, has raised $5.5 million in Seed funding led by Initialized Capital, with participation from Magnify, Scribble, American Family Ventures, and Alumni Ventures.
Founded in 2022, the San Francisco-based startup is on a mission to automate, simplify and streamline the estate settlement journey. The solution combines AI and a human-powered concierge service to guide people through the estate settlement process.
“Most people who have a trust or will in place think that upon their deaths there is a magical button that will transfer their assets to the next generation. It does not exist – and that’s where Alix comes in. The dusty plastic binder that modern trusts reside in resemble paper maps that your loved ones have to use to go on a digital scavenger hunt when you pass away. At Alix, we’re creating an actual magical button, enabling people to seamlessly transfer estates from one family member to the next.” – Alexandra Mysoor, co-founder, Alix.