Salesforce Ventures Fuels Growth with $20M Series B Investment in OneVest

OneVest, a leading company in the WealthTech industry, has successfully secured a substantial $20 million in its Series B equity funding round. This investment, primarily led by Salesforce Ventures, brings in new investors such as Allianz Life Ventures and TIAA Ventures, along with ongoing support from established names like OMERS Ventures, Deloitte Ventures, Fin Capital, Luge Capital, and Pivot Investment Partners.

Innovative Wealth Management Solutions

OneVest is distinguished in the FinTech landscape by offering comprehensive wealth management solutions that cater to a variety of financial institutions, including:

• Banks
• Registered Investment Advisors (RIAs)
• Asset management firms
• Insurance companies

With a modular and flexible platform, OneVest allows these organizations to implement either complete end-to-end solutions or select specific modules to enhance their existing systems. This approach significantly reduces implementation times and minimizes costs typically associated with legacy systems and manual processes.

Expanding AI Capabilities

The recent funding will enable OneVest to broaden its artificial intelligence capabilities and explore alternative investments. This strategic expansion aims to equip businesses with diverse tools to manage client portfolios effectively in a constantly changing financial landscape. Such advancements are expected to set new industry benchmarks and elevate client engagement and decision-making processes.

Strengthening Strategic Partnerships

To further solidify its market presence, OneVest is enhancing collaborations with key industry players, including:

• BlackRock
• Vanguard
• Salesforce Financial Services Cloud

These partnerships are crucial in creating a seamless experience for both clients and advisors, particularly for firms already leveraging Salesforce technologies.

CEO Insights

OneVest’s CEO, Amar Ahluwalia, expressed the significance of this funding round, noting, “We are addressing substantial challenges in an industry that has historically been slow to embrace new technologies. The backing from such esteemed investors reinforces our commitment to reimagining wealth management technology for enterprises across the U.S. and Canada.”

A Track Record of Success

In the past, OneVest has demonstrated a consistent ability to secure funding to enhance its innovative platform. This latest Series B round marks a pivotal achievement in its mission to emerge as a leader in North American wealth management.

For more information on OneVest and its offerings, visit their official site: OneVest. To learn more about trends in the WealthTech sector, check out this article on Forbes.