Range raises $12 million

Range, which describes itself as an all-in-one AI wealthtech platform, has raised $12 million in funding led by Gradient Ventures, Google’s AI-focused venture fund, with participation from Expa, Red Sea Ventures, 8-bit Capital, and several individuals.

Founded in 2021, the Virginia-based startup offers members a range of wealth management solutions including investment services, tax planning, estate planning, and retirement planning. The all-in-one tools are powered by “proprietary AI technology” and aided by a team of “world class” licensed financial advisors.

There’s also an insurance offering – Range financial advisors provide an analysis of one’s current risk exposure to later present proposed changes.

“We started this company to help families better manage their wealth. With our new investors and their experience in AI, we believe this partnership and financing will allow us to assist families during unprecedented times of economic change and uncertainty. Our products will allow everyone to access the advice and tools typically only available to the wealthy.” – Fahad Hassan, co-founder and CEO of Range.

“Understanding your current wealth and where your family can develop new opportunities for wealth creation is on the minds of everyone. The team at Range is determined to leverage new technologies, specifically AI and large-language models, to give families more control and visibility into their financial future. We’re thrilled to partner with Fahad, David, and the entire Range team as they pursue their noble vision to improve the financial lives of families globally. ” – Darian Shirazi, general partner at Gradient Ventures.