Farther raises $72 million
Wealth management startup Farther has closed a $72 million Series C funding round co-led by CapitalG and Viewpoint Ventures, bringing its funding to date to $118 million. The new round gives Farther a post-money valuation of $542 million.
Founded in 2019, the NY-based startup offers wealth management services for clients and technology solutions for financial advisors. Farther manages over $5 billion in assets across 100+ wealth managers and 5,000 clients.
MassMutual Ventures invested in Farther’s Series A and B rounds.
“We built Farther to enable advisors to focus on what truly matters: delivering value to their clients. Removing operational and administrative hurdles creates growth opportunities for our advisors, and they can offer a superior experience to even more clients. This capital infusion signals strong market confidence in that vision. With this investment, we will continue enhancing Farther’s technology to set a new benchmark for wealth management advisors and clients alike.” – Taylor Matthews, CEO and co-founder of Farther.
“At CapitalG, we take a deep, thesis-driven approach to investments. We spent years looking for companies with the potential to transform the wealth management industry. We were drawn to Farther both for its strong leadership team and for its unique business model which pairs world-class, proprietary technology with human expertise. This creates an ideal environment in which both advisors and clients flourish, and a flywheel which will continue to attract best-in-class advisors to the Farther platform. We look forward to helping them further scale their innovative wealth management business.” – Jesse Wedler, general partner at CapitalG.
“We’ve been impressed with how fast Farther is growing organically, especially in an industry where growth has mostly come from M&A. Viewpoint’s thesis-driven strategy was purpose-built to invest in firms, like Farther, that transform human-powered markets. In our experience, attracting the best advisors to a tech-enabled platform like Farther’s leads to accelerating advantage and, ultimately, industry dominance.” – Drew Aldrich, founder and managing partner of Viewpoint Ventures.
