Feathery Raises $30 Million to Expand AI Wealth Management Tools
Updated
Updated · Wealth Management · Jul 14
Feathery Raises $30 Million to Expand AI Wealth Management Tools
3 articles · Updated · Wealth Management · Jul 14
Summary
$30 million in total funding will help Feathery build more AI tools for wealth management and insurance firms, including products that speed decisions and move data across workflows.
More than 300 firms already use the platform for client onboarding, proposal generation, advisor transitions, account opening and account maintenance, with the company processing tens of millions of submissions each month.
Portage Ventures led the recently completed Series A, joined by Index Ventures, Allstate Strategic Ventures, Clocktower Ventures, Erie Strategic Ventures and Bain Capital Ventures.
Feathery, founded in 2021 by Zack Khan and former Robinhood employee Peter Dun, raised a $4.5 million seed round that year and publicly launched in 2022.