yorkbased smartasset 110m ttv capital 1b

YORKBASED SMARTASSET 110M TTV CAPITAL 1B SERIES

The firm will achieve this by making investments in new product lines, technological infrastructure, and data collaborations. SmartAsset intends to utilize the funds to enhance the user and match experiences for clients and financial advisers. With this extra funding, we will increase our capacity to link customers with financial advisers across the United States and make more efforts to create the finest personal finance resource on the web. The founder and CEO of SmartAsset, Michael Carvin, stated that the company’s goal is to assist consumers in receiving better financial guidance. Additionally, the wealth management referral portal SmartAdvisor currently produces $1.5 billion in new, closed assets under management (AUM) each month from financial advisers and companies. With its specialized tools, individualized calculators, and personal financial information, SmartAsset touches more than 100 million individuals each month. The company’s alliance with LPL Financial, its one-millionth customer or advisor pairing on its SmartAdvisor system, a robust Live Connections deployment, and senior leadership have all occurred since the funding.

YORKBASED SMARTASSET 110M TTV CAPITAL 1B SERIES

SmartAsset has increased revenue ten times since funding its Series C in June 2018 and is approaching $100 million in annual recurring income (ARR). TTV Capital served as the round’s lead investor. In addition to TTV Capital, other investors in the fundraising round included Javelin Venture Partners, Contour Venture Partners, Citi Ventures, New York Life Ventures, North Bridge Venture Partners, and CMFG Ventures. SmartAsset, the leading online platform for linking clients with financial advisers, revealed the completion of a $110 million Series D investment, valuing the business at over $1 billion.

Yorkbased smartasset 110m ttv capital 1b