Farther raises $150 million

Wealth manage startup Farther has raised $150 million in Series D funding led by General Atlantic, with participation from existing investors, bringing funding to date to $272 million.

Founded in 2019, the NY-based startup offers wealth management services for clients and technology solutions for financial advisors. The firm has surpassed $23 billion in recruited assets, including both assets currently under management and additional assets expected from advisors joining in the coming months.

In March, we mentioned that the startup, which is backed by MassMutual Ventures, was working on an insurance offering.

“At Farther, we’ve built a platform that delivers for wealth managers who demand better technology, better tools, and a better client experience – and for clients across the wealth spectrum who expect the same. Our partnership with General Atlantic will help us continue scaling our Intelligent Wealth Platform, so more advisors can grow their business and deliver greater value to clients.” – Taylor Matthews, Farther CEO and Co-Founder.

“We never aspired to deliver incremental improvements to wealth management – so we rebuilt it from the ground up. Our platform replaces fragmented, legacy systems with a single, integrated solution that powers advisors to operate more efficiently and effectively, with better outcomes for clients. General Atlantic’s investment allows us to scale that Farther advantage.” – Brad Genser, CTO and Co-Founder of Farther.

“The wealth management sector is undergoing a structural shift as advisors increasingly seek modern, integrated platforms to better serve clients and grow their businesses. We have followed Taylor, Brad, and the Farther team for several years and have been consistently impressed by their innovation, long-term vision, and thoughtful approach to reimagining the advisor and client experience.” – Paul Stamas, Managing Director and Global Head of Financial Services at General Atlantic.