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May 4, 2023

Fundraising for Range reaches $12 million

Wealth management tools powered by AI are attracting growing interest

Range, the all-in-one AI WealthTech platform based in McLean, Virginia, has raised $12 million in a recent funding round, with Gradient Ventures, Google's AI-focused venture fund, leading the way.

Other investors in the round include Expa, Red Sea Ventures, 8-bit Capital, as well as several prominent individuals, including Randy Reddig, Adrian Aoun, Severin Hacker, and Dan Lewis.

The funding will primarily be used to expand Range's product and engineering teams, with the aim of speeding up the development of new offerings for its customers. Range plans to incorporate AI technologies into its wealth management tools, automating certain aspects of wealth and tax planning. In doing so, they aim to make sophisticated wealth management tools accessible to everyone, not just the wealthy.

"We founded Range with the goal of helping families manage their wealth more effectively. With this new funding, and our partnerships with experienced investors in AI, we are confident that we can continue to support families during these challenging times of economic uncertainty and change. Our AI-powered tools will enable everyone to access the same level of advice and support that was once only available to the most affluent individuals."

- says Fahad Hassan, co-founder and CEO of Range

This funding round marks a significant milestone for Range, and highlights the growing interest in AI-powered wealth management tools. With Gradient Ventures leading the round, Range is poised to leverage cutting-edge technology to bring sophisticated wealth management tools to a wider audience.

Neil Hodgson Coyle
Neil Hodgson-Coyle
Editorial chief at TechNews180
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