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Farther Secures $72M Series C to Expand Advisor Network and Enhance Platform

Author

Slice of Finance Team
17 Oct

Key Highlights:

  • Farther raises $72 million in Series C funding, led by CapitalG and Viewpoint Ventures.

  • Farther's post-money valuation rises to $542 million.

  • Farther surpasses $5 billion in AUM, marking 5x year-over-year growth.

  • The investment will enhance Farther’s technology and advisor network expansion.

  • Farther enables advisors to focus 90% of their time on clients, boosting growth and efficiency.

Source: PR Newswire

Notable Quotes:

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"Removing operational and administrative hurdles creates growth opportunities for our advisors, and they can offer a superior experience to even more clients."

Taylor Matthews, CEO and Co-founder at Farther
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"We were drawn to Farther both for its strong leadership team and for its unique business model which pairs world-class, proprietary technology with human expertise."

Jesse Wedler, General Partner at CapitalG
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"Attracting the best advisors to a tech-enabled platform like Farther's leads to accelerating advantage and, ultimately, industry dominance."

Drew Aldrich, Managing Partner at Viewpoint Ventures

Our Take:

Farther’s $72 million Series C funding marks a pivotal moment in the wealth management industry, underscoring the growing demand for technology-driven solutions that enhance advisor efficiency and client satisfaction. The firm’s rapid growth, as evidenced by a 5x increase in assets under management, is a clear signal of its competitive advantage. Backed by the strategic involvement of CapitalG and Viewpoint Ventures, Farther is well-positioned to continue disrupting the traditional wealth management space, delivering a streamlined, high-touch experience for both advisors and clients.