Vyzer raises $6.3 million Seed round for AI-powered wealth management platform
Vyzer raises $6.3 million Seed round for AI-powered wealth management platform
The platform aims to eliminate the need for conventional high-cost models and financial advisors and make wealth management accessible and understandable
Vyzer, which has developed a digital wealth management platform, announced on Wednesday that it has raised a Seed round of $6.3 million from leading VCs, angel investors, and family offices including iAngels, Guy Gamzu, MonetaVC, Jonathan Kolber and Rafi Gidron.
Vyzer’s offering encompasses financial analysis, advanced planning, tracking, automated data management, analytics, peer benchmarking, and forecasting. The AI-powered platform aims to eliminate the need for conventional high-cost models and financial advisors and make wealth management accessible and understandable. Co-founded by Litan Yahav, Tomer Salvi, and Guy Gamzu, the company has offices in Israel and New York. Yahav and Salvi previously co-founded Segoma, which was acquired by R2Net for $18 million in 2015.
"This investment marks a significant milestone for Vyzer, enabling us to enhance our platform and expand our reach," said Vyzer Co-Founder and CEO Litan Yahav. "Vyzer is making billionaire wealth management back-office capabilities accessible to everyday investors. The funds will enable us to enhance our platform's AI capabilities, develop new features, and broaden our market presence. Our ultimate goal is to simplify and streamline complex wealth processes for our customers, equipping each member with greater insights and control. This, in turn, empowers them to maximize their investment potential and foster wealth growth."
"High-net worth individuals are increasingly gravitating towards private investments - from real estate and startups to private equity. However, the lack of digitization in the management of these alternative investments presents significant challenges when it comes to achieving a holistic overview of their portfolios," said Shelly Hod Moyal, Founding Partner of iAngels. "Vyzer's solution provides investors with broad and transparent visibility into their portfolios. It allows them to capitalize on the ever-growing investment landscape by making informed and timely decisions, and it enables them to effectively scale their portfolios at an affordable cost."
