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Vise Raises $45M in Series B, Adds Second Sequoia Boardmember
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Vise, a company founded by two high-school graduates, raises $45 million in funding with Sequoia at the helm Fortune 12/15/2020 © Courtesy of Vise
So called ‘robo-advisors’ may be all the rage, but Sequoia Capital is betting that humans will still hold a prominent place in helping people make investment decisions.
On Tuesday, the Sand Hill Road firm led a $45 million Series B round of funding in Vise, a startup that seeks to automate time-consuming tasks for independent investment advisors while also creating individualized portfolios for their clients with the help of A.I.
Founded roughly a year ago by 20-year-olds Samir Vasavada and Runik Mehrotra, the company that raised its Series A round just some seven months ago is preparing once again to bulk up amid continued growth through the pandemic. Now with some 50 employees, the company hopes to hire another 50 by early next year. Investors in the December round also include Allen & Company, Greenoaks Capital, Creative
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NEW YORK, Dec. 15, 2020 /PRNewswire/ Vise, the all-in-one AI-powered investment management platform for independent advisory practices to build and manage portfolios, today announced the close of its $45 million Series B funding round, bringing the total capital raised since Vise s founding to over $60 million. Sequoia Capital led the Series B with participation from Allen & Company, Founders Fund, and Greenoaks Capital and from Michael Ovitz and Nikesh Arora, CEO of Palo Alto Networks, who will be joining as advisors. Vise will use the funding to continue to build out and enhance its product and functionalities and to expand its team of world-class talent.
Bidenâs Victory Was Hardly a Win for âDemocracy.â It Was Another Win for the 1%.
President-elect Joe Biden announces the members of his health team at the Queen Theater on December 8, 2020, in Wilmington, Delaware.
Chip Somodevilla / Getty Images
In light of a newly elected Biden administration, many have proclaimed that a triumph of democracy has taken place. But was Joe Bidenâs win really a victory for democracy? The evidence suggests otherwise, by a wide margin.
The 2020 election was the most expensive election on record, with Democrats outspending Republicans in both congressional and federal contests. Spending was just shy of $14 billion in total, an unprecedented record and double the amount of 2016. In fact, the Biden campaign broke monthly and online campaign funding contributions of all time â boosted in large part by Wall Street donors. Bidenâs campaign, in fact, became the first ever to raise over $1 billion in campaign donations. Donald
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