Wealth management firm Farther quadruples valuation with $72m Series C
New York-based wealth management firm Farther has more than quadrupled its value following a Series C funding round, which closed this month at $72 million.
Farther closes $72m Series C
The round was co-led by Viewpoint Ventures and CapitalG, the independent growth fund of Google’s parent company Alphabet, and closed at a post-money valuation of $542 million.
This figure is over four times higher than the $131 million valuation Farther recorded in September 2023 in conjunction with a $31 million Series B. The valuation also coincides with the firm surpassing $5 billion in assets under management (AUM) across over 100 wealth managers and 5,000 clients.
With the latest investment, Farther has raised more than $118 million in total funding, with Bessemer Venture Partners, Context Ventures, Cota Capital, Khosla Ventures, Lightspeed Venture Partners, MassMutual Ventures and Moneta Venture Capital among the firm’s existing investor base.
Founded in 2019, Farther provides technology-driven automation and human-led advisory services, including financial planning and investment management, to wealth advisors and their high-net-worth clients.
CEO and co-founder Taylor Matthews says the firm’s latest raise will be used to “continue enhancing Farther’s technology”.
