AI-Backed Portfolio Management Platform Pave Finance Raises Over $15M in Series A Funding Round, Valuing Firm at $100M
Pave Finance, a New York-based artificial intelligence-backed trading and portfolio management platform for financial advisors, announced it has raised over $15 million in an oversubscribed Series A funding round, achieving a $100 million valuation. The funding, which included investments from advisory firms, former financial services executives, and company insiders, will support the expansion of Pave's market-facing and engineering teams. Founded in 2021, Pave Finance currently represents $130 billion in assets across more than 300,000 accounts.
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