A mix of new and existing investors have put money into the tech-driven wealth management platform.

Savvy Wealth, a digital platform for financial advisors with $2 billion in AuM, has closed a $72 million Series B funding round.

This latest infusion of capital brings Savvy to over $100 million in total funding.

The funding was led by Industry Ventures, a venture capital firm focused on private technology investments with more than $8 billion in committed capital. 

New investors in the round included Vestigo Ventures – a VC firm founded by former LPL Financial CEO and chairman Mark Casady, who joins Savvy’s board of directors – and Euclidean Capital. 

Existing investors include Canvas Ventures, Thrive Capital, The House Fund, Brewer Lane Ventures and former Focus Financial executive Vamsi Yadlapati. 

Savvy completed its Series A in August 2024.

The firm said it will use the new capital to speed up its core technology offering, hire technology talent and expand recruitment of independent advisors and advisory teams to its affiliate registered investment advisor (RIA), Savvy Advisors. 

“AI is disrupting financial advice, but not in the way that many have predicted. Rather than replacing advisors, it’s amplifying their ability to deliver highly personalized and deeply human client experiences,” Ritik Malhotra, founder and CEO of Savvy Wealth, said. “At Savvy, we’re embedding AI inside the core of our CRM and advisor-facing tech stack to ‘10x’ their capabilities – unlocking predictive, real-time insights that strengthen human relationships.”

Beginning in 2024, Savvy has added nearly $500 million thus far in 2025. It has hired Eric Hurkman as chief technology officer, David Weiner as chief growth officer and Lisandra Wilmott as head of legal and compliance.