Friday, January 5, 2018

Wealthfront Finds $75M More

Redwood City-based WealthFront, the developer of "robo-advising" software for the financial market, has raised $75M more in funding, the company said Thursday. The funding was led by Tiger Global Management, and also included Benchmark Capital, DAG Ventures, Greylock Partners, Index Ventures, Ribbit Capital, Social Capital and Spark Capital Growth. Wealthfront provides its financial advisement software as a service aimed at young professionals and families. Andy Rachleff is co-founder and CEO of Wealthfront.