Range, a McLean, Virginia-based AI-powered wealthtech platform, has raised $28 million in Series B funding.
Investors
The round was led by Cathay Innovation, with participation from Gradient Ventures and others, bringing its total funding to $40 million.
Cathay Innovation, a global multistage VC firm affiliated with Cathay Capital, backs transformative startups across Europe, North America, Asia, Latin America, and Africa. Its $2.5B platform connects founders with Fortune 500 partners to scale AI-driven solutions in commerce, fintech, digital health, and mobility. Founded in Paris in 2015, it has invested in over 100 startups, with offices in San Francisco, Berlin, Shanghai, and Singapore.
Range Use of Funds
The new funding will accelerate product development and expand engineering teams to meet surging demand.
About Range
Founded by Fahad Hassan and David Cusatis, Range provides an all-in-one wealth management solution. It integrates all aspects of wealth management, including tax filing, estate planning, retirement planning, insurance, and investments. Combining proprietary artificial intelligence technology with world-class, licensed financial advisors, Range delivers personalized guidance, comprehensive financial tools, and 24/7 support—all with no minimum requirements. Range uses a transparent, flat-fee pricing model instead of charging a percentage of a client’s wealth.
Funding Details
Company: Range Finance Inc.
Raised: $28.0M
Round: Series B
Funding Date: November 2024
Lead Investor: Cathay Innovation
Additional Investor: Gradient Ventures
Company Website: https://www.range.com/
Software Category: Wealth Management
Source: https://www.prnewswire.com/news-releases/ai-wealthtech-company-range-raises-28-million-series-b-led-by-cathay-innovation-302316288.html