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SigFig Brings on New Advisory Board Members and $1 Million in Funding


Robo-advisor platform SigFig announced today it added five fresh members to its advisory board. Four of the new board members are investors in Nyca Partners, which furnished the San Francisco-based company with $1 million in new funding.

SigFig founder and CEO Mike Sha stated that he is more excited about the connections that Nyca has to offer than the funding it supplied.

SigFig launched in 2007 as Wikinvest, and has since brought in a total of $30 million in funding.

According to SF Gate, SigFig tracks around $350 billion in assets for its users. The company declined to comment on its total amount of assets under management.

SigFig demonstrated its automated investment platform at FinovateFall 2011.