YouInvest SpA Invests in Wealthminder Inc., a US Robo-Advisor Targeted to Professionals
by YouInvest Staff - 02/06/2015
YouInvest-The School of Investing and Personal Finance has joined the $ 1.45 mn seed funding of Wealthminder Inc., a startup based in Reston (VA) that has developed a robo-advisory platform targeted to professionals. Such platform enables advisors to optimize their services for individuals with less than $ 500k of investable assets. The seed round was led by two West Coast VC firms, Green Visor Capital and Signatures Capital. In addition to its robo-advisory platform, Wealthminder is also developing an online marketplace aimed at matching demand and supply of investment advisory services.
“We decided to invest in the best knowledge in the world in the field of the digitalization of investment advisory – said Marco Liera, founder of YouInvest –, an area in which our research already achieved a few international accomplishments. After carefully reviewing several investment opportunities, we joined Wealthminder’s seed round, in which we are the only foreign investor. Wealthminder’s B2A approach is definitely in line with our positioning. We do have a high opinion of Wealthminder founder Rich Ellinger, of his team, and of the great job they have already done. We have high expectations on the implementation of their innovative software in the US and other markets, too”.
Press release Wealthminder Inc.: