Range Secures $28M in Series B Funding to Enhance AI WealthTech Platform
Range has quickly gained traction with 1,000+ high-net-worth members, managing nearly $3 billion in assets. The company’s comprehensive approach to wealth management has positioned it as a transformative player in the industry.
Company Name: Range
Location: McLean, VA
Industry: AI WealthTech
Funding Details:
The $28M Series B round was led by Cathay Innovation, with participation from Gradient Ventures and other investors, bringing the total funding to $40M. Simon Wu, Partner at Cathay Innovation, has joined the company’s Board of Directors.
Purpose of Investment:
The funds will be used to accelerate product development and scale engineering teams, enhancing the AI-powered platform’s capabilities.
Leadership:
- Fahad Hassan (Co-Founder)
- David Cusatis (Co-Founder)
Product:
Range offers a SaaS WealthTech solution that integrates:
- Investment Services
- Tax Planning
- Estate Planning
- Retirement Planning
- Insurance
The platform includes in-house financial advisors who optimize members' portfolios using AI-driven insights. It operates on a transparent, flat-fee pricing model, eliminating percentage-based wealth management fees.
About the Company:
Range has quickly gained traction with 1,000+ high-net-worth members, managing nearly $3 billion in assets. The company’s comprehensive approach to wealth management has positioned it as a transformative player in the industry.
