What is Wealthfront?
Wealthfront offers a comprehensive suite of financial tools designed to help individuals, particularly young professionals, build long-term wealth. Its platform integrates high-yield savings accounts through partner banks, diversified ETF and bond ETF investing, zero-commission stock investing, and low-cost loans. By leveraging software, Wealthfront aims to make sophisticated investment strategies accessible and affordable, catering to both novice and experienced investors seeking to lower costs and grow their assets effectively in various market conditions.
How much funding has Wealthfront raised?
Wealthfront has raised a total of $689.5M across 7 funding rounds:
Angel/Seed
$3M
Series A
$7.5M
Series B
$20M
Series C
$35M
Series D
$64M
Private Equity
$75M
IPO
$485M
Angel/Seed (2008): $3M, investors not publicly disclosed
Series A (2009): $7.5M led by DAG Ventures
Series B (2013): $20M supported by The Social+Capital Partnership, Index Ventures, and Greylock Partners
Series C (2014): $35M featuring DAG Ventures, The Social+Capital Partnership, Index Ventures, Ribbit Capital, and Greylock Partners
Series D (2014): $64M backed by DAG Ventures, Maven Ventures, Index Ventures, Dragoneer Investment Group, Spark Capital, and Greylock Partners
Private Equity (2018): $75M with participation from Index Ventures, Ribbit Capital, Spark Capital, Greylock Partners, Benchmark Capital, DAG Ventures, and Social Capital
IPO (2025): $485M, investors not publicly disclosed
Key Investors in Wealthfront
Index Ventures
Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO, partnering with founders with bold dreams to build enduring companies. They have a global presence with offices in San Francisco and London.
Greylock Partners
83North (formerly Greylock Partners) is a global venture capital firm managing over $2.2 billion, focused on investing in exceptional entrepreneurs and developing global category leaders. They support companies at all stages with a unique approach to scaling.
DAG Ventures
DAG Ventures is a mid-stage venture capital partnership supporting visionary entrepreneurs and early-stage VCs, emphasizing speed, consistency, and simplicity. Their portfolio includes notable tech companies.
What's next for Wealthfront?
The substantial enterprise-level funding and recent strategic investment signal Wealthfront's robust trajectory and its capacity for significant scaling. This capital is likely to be deployed towards enhancing its technological infrastructure, expanding its product offerings, and potentially entering new markets. The company's focus on democratizing wealth management positions it for continued leadership in the fintech sector, with future developments potentially including more advanced AI-driven financial advice and personalized investment strategies. The recent IPO event, though undisclosed in amount, marks a significant milestone, indicating a transition towards public market readiness and increased financial transparency.
See full Wealthfront company page
