The vast majority of individuals make their livings from wages, salaries, or other forms of labor compensation. However, this is changing as our outlook on work and how income is earned continues to evolve. For the most affluent, a large portion of their total income is derived from capital investments; there are countless services available that are catered to manage the sophisticated finances for this group. Harness Wealth is an accessible digital wealth management solution for the needs of people that have sizable equity-based holdings but aren’t necessarily affluent yet. The digital platform is a hub that focuses on financial, tax, and estate planning that connects founders, employees, and investors with vetted professionals and advisory firms. The target audience has tremendous demands on their time and optimizing their financial health often isn’t top of mind. Yet, decisions made now can have an outsized impact in the future for wealth creation. Founded in 2018, Harness Wealth now has over 1000 advisers to make wealth management accessible to this increasing portion of the population with investable assets that are seeking hybrid solutions. AlleyWatch caught up with CEO and Founder David Snider to learn more about the inspiration for the business, the company’s strategic plans, latest round of funding, from investors that include Jackson Square Ventures, Bain Capital, GingerBread Capital, FJ Labs, i2BF, Torch Capital, Activant, NFP Ventures, First Minute Capital, Liquid2 Ventures, Alleycorp, Marc Benioff, Paul Edgerley, and Ori Allon.
25 fundings, $2B invested in NYC startups. No that’s not a typo. New York startups closed more in funding in the past week than the city of Miami has raised since 2019. NYC Tech News for the week ending 7/3 featuring news for Wellthy, Buzzer, and much, much more.
The Weekly Notable Startup Funding Report takes us on a trip across various ecosystems in the US, highlighting some of the notable funding activity in the various markets that we track. The notable startup funding rounds for the week ending 7/3/21 featuring funding details for ShipBob, LocoNav, Alto, and twenty-five other rounds that you need to know about.
$28M in new funding to start off the week! The latest venture capital, seed, pre-seed, and angel deals for NYC startups for 6/28/2021 featuring funding details for Harness Wealth, Tenovos, and much more.