Range raises $28 million

Wealth management platform Range has raised $28 million in Series B funding led by Cathay Innovation and joined by Gradient Ventures and other investors. This round brings the company’s total funding to $40 million.

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 startup, which claims that its AI engine can provide superior advice 10-20x faster and save their members 75-90% more in fees than traditional wealth advisors, has attracted more than 1,000 high-net-worth members and now advises them on nearly $3 billion in assets.