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Venture Capital News: Savvy Wealth Completes $26.5M Series A Round

2024-08-06
NEW YORK, NY, Savvy Wealth, a digital-first platform for financial advisors, announced an additional $15.5 million funding round led by Canvas Ventures.
Savvy Wealth, a digital-first platform for financial advisors centered around modernizing human financial advice, announced an additional $15.5 million funding round led by Canvas Ventures. This latest infusion of capital, which closes the company's $26.5 million Series A round, will accelerate the development of its artificial intelligence (AI)-powered technology platform, expand its product and engineering teams, and recruit entrepreneurial advisors to its national affiliate registered investment advisor (RIA), Savvy Advisors.

The round also saw participation from existing and new investors, including Thrive Capital, Brewer Lane Ventures, Index Ventures, The House Fund and Alumni Ventures. Since its founding in 2021, Savvy Wealth has brought in over $33 million in venture capital backing.
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