Wealthfront Archives - Page 11 of 11

This quarter, both January and Feburary funding exceeded $50 million. Most of February’s funding can be attributed to On Deck Capital’s $42 million round.

Over three months, 15 companies raised more than $155 million, This is very similar to last year’s first quarter funding* when we saw a total of 11 companies raise more than $150 million.

Here’s the Q1 summary for 2013:

January — $57 million raised by 6 companies

Azimo: $480,000 — blog post
BillFloat: $21 million — blog post
Clover: $3 million — blog post
PayNearMe: $10 million — blog post
Prosper: $20 million– blog post
True Office: $3 million — blog post

February — $56 million raised by 5 companies

Affinity Solutions: $6.75 million — blog post
CoverHound: $5.5 million — blog post
DeviceFidelity: $1 million debt financing — blog post
On Deck Capital: $42 million — blog post
Tuition.io: $1 million — blog post

March — $42 million raised by 4 companies

DeviceFidelity: $470,000 — blog post
SoMoLend: $2 million — blog post
Q2ebanking: $20 million — blog post
Wealthfront (formerly KaChing): $20 million — blog post

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*While the funding over last year has increased, so has the number of Finovate alums. We’re tracking more than 100 additional companies this year compared to last year.

Note: Funding that companies received before they demonstrated at Finovate was not counted. Questions? Comments? Email us at julie@finovate.com or david@finovate.com.

Index Ventures, Greylock Partners and the Social+Capital Partnership have just made financial advisory service Wealthfront $20 million wealthier.

Joined by angel investors from institutions as diverse as WordPress and the San Francisco 49ers professional football team, the funding round provides a significant shot in the arm to a start-up still seeking to distinguish itself in a crowded and growing marketplace.

Wealthfront is an online, SEC-registered financial advisory service geared toward average, non-accredited investors who want actively managed accounts. The service includes such features as tax-loss harvesting (for accounts above $100,000) and automatic rebalancing. Note that both of these features are often accessible only through in-person, human brokers and financial advisors.

The company has seen growth in assets under management of more than 70% since 2013, totaling more than $170 million.

Wealthfront first appeared on the Finovate stage as part of FinovateStartup 2009. Then doing business as “kaChing”, the company presented their virtual investing environment. To see their demo, click here.

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First Quarter 2013 Funding for Finovate Alumni– More Than $150 Million Raised

Wealthfront Secures $20 Million Funding Round