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Vise Raises $45M in Series B, Adds Second Sequoia Board Member

Vise has raised more than $60 million in funding this year, as it builds its team and begins adding clients.

Advisor-facing stock picking software provider Vise raised $45 million in a Series B fundraising round, according to an announcement. The latest funding round, which comes after a $14.5 million Series A earlier this year, was led by Sequoia Capital, with participation from Allen & Company, Founders Fund and Greenoaks Capital, among others. 

As part of Sequoia’s investment, the firm is sending Ravi Gupta to Vise’s board, where he will join Sequoia’s other board member, Shaun Maguire. 

Vise will use the funds to “continue to build out and enhance its product and functionalities and to expand its team,” according to the announcement. The firm said it quadrupled its customer base since May, signing clients like Aurelien Capital Partners, which recently registered as an RIA, Barber Financial Group, with $1.3 billion in AUM per regulatory filings, and Hexagon Capital Partners, with $417 million in AUM per regulatory filings. 

"Our investors have all seen the promise of Vise and believe in our vision and the team,” said Samir Vasavada, co-founder and CEO of Vise, in a statement. “We are empowering financial advisors with technology and tools they have never had before, not only to be more effective, but also much more efficient resources for their clients.” 

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