Range has raised $60 million in a Series C round led by Scale Venture Partners, with participation from Gradient Ventures, Cathay Innovation, and several new investors. The company also added Rocket Money CEO Haroon Mokhtarzada and Scale Venture Partners’ Alex Niehenke to its advisory board. With the new funding, Range plans to expand hiring across product and AI teams, broaden its enterprise partnerships, and continue building out its AI wealth advisor, Rai, which the company has been training to handle planning tasks such as forecasting and tax-oriented guidance.
The raise follows a period of rapid growth for the platform, which now reports $400 million in assets under management and $9.5 billion in assets under advisement. Range serves clients across all 50 states and has been developing AI tools to automate financial workflows and reduce the need for manual advisor intervention. The company also plans to establish broker-dealer capabilities and expand its West Coast presence as it pursues wider distribution of its wealth management services.
