VRGL, a leader in client acquisition and investment proposal management solutions, has announced the completion of a new funding round.
The fundraising was spearheaded by existing investors FINTOP Capital and MissionOG, with additional participation from Northwestern Mutual, Flyover Capital, Fin Capital, and other industry insiders.
The fresh capital injection will enable VRGL to enhance its product offerings, support market growth, and continue executing its strategy in the wealth management industry. The company, which has rapidly grown its customer base by over 700% since August 2022, specialises in streamlining the investment proposal process, thereby reducing the time required for portfolio analysis by 75% and boosting prospect-to-client conversions by 30%.
Founded in 2021 by veterans of the institutional wealth management software industry, VRGL provides a suite of tools that help wealth management firms streamline investment proposals and client acquisition processes. These tools include risk tolerance assessment, statement aggregation, institutional-grade analytics, and automated proposal management. The platform has proven to be effective for a diverse clientele, ranging from small Registered Investment Advisors (RIAs) to top wealth management firms like Dynasty Financial Partners and Ritholtz Wealth Management.
With the new funding, VRGL plans to accelerate its go-to-market strategy and enhance its investment proposal platform to better serve the evolving needs of its clients.
VRGL CEO and co-founder Josh Smith said, “We are thrilled to have completed our latest round of financing. VRGL has quickly established itself as a leading player in the wealth management software space.
“This round will allow us to accelerate our go-to-market and to continue enhancing our investment proposal platform and operational efficiency. Our client lead roadmap is increasingly differentiating us from others in the market and I am excited to see what the next few years hold.”
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