(Reuters) – Altruist has raised $152 million in in its latest funding round that valued the wealth management startup at $1.9 billion, it said on Tuesday.
The Series F round, led by Singapore’s sovereign wealth fund GIC, comes less than a year after its last round, where Altruist raised $169 million.
The company is a custodian for over 4,700 registered investment advisors, assuming the responsibility for maintaining the assets and holdings of its clients.
Revenue, brokerage accounts, and advisors it served saw triple-digit growth in 2024, according to the company.
(Reporting by Ateev Bhandari in Bengaluru; Editing by Leroy Leo)
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