WealthTech firm Farther has obtained $150m in Series D financing in a round led by General Atlantic, with existing backers also taking part.
The new capital is expected to fund further development of the platform to support advisers and clients.
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Established in 2019, Farther said its wealth management system was created to address shortcomings in older industry infrastructure.
According to the company, the platform gives advisers a single system intended to support client outcomes through asset location, data access, risk controls, tailored insights and AI-based tools.
The system also offers entry to private markets and other investment options.
Its clients include higher-earning individuals, ultra-high-net-worth families served through Farther Family Office, as well as small businesses and institutions.
The company said it has exceeded $23bn in recruited assets, covering assets already under management and further assets expected from advisers due to join in the coming months.
It added that this would allow it to triple its year-on-year growth since Q1 2025.
Farther said it is now valued at more than $1bn.
Farther CEO and co-founder Taylor Matthews said: “At Farther, we’ve built a platform that delivers for wealth managers who demand better technology, better tools, and a better client experience – and for clients across the wealth spectrum who expect the same.
“Our partnership with General Atlantic will help us continue scaling our Intelligent Wealth Platform, so more advisors can grow their business and deliver greater value to clients.”
