Monday, October 31, 2016

Riskalyze Finds $20M For Robo Advisors

Sacramento-based Riskalyze, a developer of "robo advisors" for the wealth management and investment market, has raised $20M in a funding round, the company said today. The growth equity funding came from FTV Capital. According to Riskalyze, the funding is its first outside institutional round for the company. Brad Bernstein of FTV Capital joins the company's board with the funding. Riskalyze develops software which helps analyze the risk in investment portfolios, which are provided to financial advisors to help them in working with clients. The company is led by Aaron Klein. More information »