11/23/2023 0 Comments New yorkbased series ttv capital 1b![]() Additionally, you can sign up for our Daily or Weekly newsletters to receive these top-ranked articles right in your inbox, or you can sign up to be notified when new resources like webinars or ebooks are available. We use reader data to auto-curate the articles, meaning that the most valuable resources move to the top. Have resources to share? Submit Your Own!Ĭommunity Banking Brief is a collection of the leading industry thought leadership in the form of blogs, webinars, and downloadable resources, on one convenient website. Become a Pro at Evaluating Month-End Close Solutions.Banking on Loyalty: Holistic Financial Advice for Unparalleled Business Growth.Value-Driven AI: Applying Lessons Learned from Predictive AI to Generative.SmartAsset, a marketplace that connects consumers to financial advisors, announced today that it has raised $110 million in a Series D round of funding. The financing values New York-based SmartAsset at over $1 billion, and brings its total raised since its 2012 inception to just over $161 million, according to Crunchbase. TTV Capital led SmartAsset’s Series D, which also included participation from Javelin Venture Partners, Contour Venture Partners, Citi Ventures, New York Life Ventures, North Bridge Venture Partners and CMFG Ventures. The company last raised in June of 2018 – a $28 million Series C led by Focus Financial Partners. ![]() Since then, it says it has grown revenue “by 10 times” and is now on the cusp of reaching $100 million in ARR (annual recurring revenue). In addition to TTV Capital, other investors in the fundraising round included Javelin Venture Partners, Contour Venture Partners, Citi Ventures. TTV Capital served as the round’s lead investor. It recently made its one millionth consumer/advisor match on its SmartAdvisor platform. SmartAsset has increased revenue ten times since funding its Series C in June 2018 and is approaching 100 million in annual recurring income (ARR). /rebates/&252fyorkbased-110m-series-ttv-capital-1b. Image Credits: SmartAsset CEO and co-founder Michael Carvin / SmartAsset Also in 2020, SmartAsset says it referred $10 billion in new, closed assets under management (AUM) to financial advisors and firms across the U.S. The company plans to use the new capital to invest in new product offerings, technology infrastructure and data partnerships. It also plans to boost its current headcount of 202 by more than 75% this year. by providing an incredibly valuable resource for both consumers and financial advisors alike.” TTV Capital Partner Mark Johnson said the company “is quickly expanding its lead in one of the largest markets in the U.S. The funding and its flashy valuation comes with a certain weight, even in the growing world of unicorn companies. The company claims that, with today’s news, co-founder Michael Carvin now becomes the third Black founder and CEO of a company valued at over $1 billion. Others include Compass CEO and founder Robert Reffkin, whom we recently profiled here, and Calendly CEO and founder Tope Awotona, who we have also profiled. While exciting, the unfortunate rarity of Black-led unicorns is a symptom of historical underfunding in Black or African-American startup founders. /rebates/&252fnew-yorkbased-110m-series-ttv-1b.
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