Savvy Wealth has raised $100 million in an oversubscribed Series C funding round led by Halo Fund, bringing its total funding to more than $200 million as the AI-native registered investment adviser expands its technology platform for independent financial advisors. This round of funding also brought in several existing investors apart from those who are already investors in Savvy. This round brought in existing investors that included Thrive Capital, Industry Ventures, Canvas Prime, Index Ventures, House Fund, Euclidean Capital, Alumni Ventures and Vestigo Ventures. Savvy advises and helps more than 150 financial advisors who collectively manage over $9 billion in client assets through the company’s technology platform.
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The company expects to surpass $100 million in annual recurring revenue this financial year. Its Savvy Intelligence platform uses AI agents and a unified data layer spanning CRM, investments, tax and financial planning to automate and streamline advisor workflows. The company said the new capital will be used to extend Savvy Intelligence across more advisor workflows, expand its ecosystem of services and hire additional technical talent.”Advisors are being told they have to give up their independence to scale,” said Ritik Malhotra, founder and CEO of Savvy Wealth. “We think that’s a false tradeoff, and we’ve spent the last five years proving it.” “We think that’s a false tradeoff, and we’ve spent the last five years proving it.” Halo Fund co-founder Ryan Smith said, “Wealth management is a $14 trillion market, and the technology underneath it hasn’t meaningfully changed in decades.”
