Series F Round

Wealthtech startup Altruist secured $152 million in a Series F round led by Singapore's GIC, boosting its valuation to $1.9 billion amid surging demand for digital asset custody. This funding will be used to accelerate innovation and enhance services for growth-oriented Registered Investment Advisors (RIAs). Altruist aims to simplify the investment process and provide a more transparent platform for financial advisors and their clients. The company focuses on creating a seamless experience for RIAs by integrating technology that allows for better management of client assets and improved operational efficiency. With this investment, Altruist plans to expand its product offerings and enhance its technology infrastructure to meet the evolving needs of the financial advisory industry. The funding also positions Altruist to capitalize on the growing trend of digital asset management and custody solutions in the wealth management sector.