Zocks Secures $13.8M Funding to Enhance AI-Driven WealthTech Advisory Solutions
In a significant move for the financial advisory sector, Zocks, a privacy-first AI platform, has successfully raised $13.8 million in its Series A funding round. This investment aims to bolster client intelligence solutions for financial advisors.
Funding Details and Investors
The recent funding round was spearheaded by Motive Ventures, with notable participation from Lightspeed Venture Partners, Expanse Venture Partners, Entrée Capital, and 14Peaks. Established in 2022, Zocks is dedicated to enhancing the way advisory firms leverage AI to capture, analyze, and process client interactions.
Growth and Market Penetration
Since its official launch in early 2024, Zocks has made impressive strides, onboarding over 1,000 advisory firms onto its platform. The influx of capital will support several key initiatives:
- Accelerate product development
- Expand the team
- Enhance go-to-market strategies
Focus on AI Capabilities
A primary goal for Zocks is to refine its AI capabilities, particularly by developing AI-driven agents that will:
- Automate email responses
- Facilitate account application processes
- Streamline form processing
Furthermore, Zocks plans to introduce advanced analytics tools to provide deeper insights into the client base of advisory firms, thereby enhancing decision-making processes.
Expansion Plans and Strategic Partnerships
Looking ahead, Zocks is exploring opportunities to expand its presence in the European market. The firm has already established strategic partnerships with prominent FinTech platforms such as Wealthbox, Redtail, and Practifi. Additionally, it has forged relationships with major advisory networks, including Carson Group, Osaic, RFG Advisory, and Cambridge Financial Group.
Leadership Insights
Mark Gilbert, Zocks CEO and co-founder, emphasizes the importance of utilizing unstructured client data to create real-time intelligence for financial advisors. He stated, “This investment allows us to accelerate AI-driven innovation, expand our team, and deepen our integrations, ensuring that Zocks remains the industry’s most advanced solution for client intelligence and workflow automation.”
Moreover, Harsh Govil, principal at Motive Ventures, noted, “Zocks is not just an alternative in this space—they are the enterprise-ready leader that financial advisors and firms need.” With their cutting-edge technology, Zocks stands poised to transform the wealth management landscape.
Previous Funding Rounds
Before this Series A funding, Zocks raised $5.5 million in a seed round led by Lightspeed, which coincided with the company’s official launch.
For more information about Zocks and its innovative solutions, visit their website at Zocks.
