FinTech firm Alix bags $20m to scale AI estate solution

July 21, 2025

Alix, a US-based FinTech firm specialising in estate settlement solutions, has raised $20m in a Series A funding round.

The investment was led by Acrew Capital and joined by Charles Schwab and Edward Jones Ventures. Existing backers including Initialized Capital, Scribble, Magnify, Ziegler Link•age Funds and Cameron Ventures also participated in the oversubscribed round.

Founded just two years ago, Alix provides an AI-driven platform that automates and streamlines the estate settlement process for families following the death of a loved one.

The new funding will accelerate Alix’s growth strategy and support the expansion of its AI capabilities. It plans to build out its product offering, improve onboarding speed, enhance customer experience, and establish deeper integrations across the financial services ecosystem.

Alix will also use the capital to expand its workforce, focusing on AI product and engineering talent, and to strengthen its sales and marketing efforts. A new office in San Francisco is also being opened to tap into the region’s AI talent pool.

With this raise, Alix has now secured a total of $30.65m in funding.

Alix co-founder and CEO Alexandra Mysoor said, “In just two years we’ve grown Alix from a concept to a category-creator. Now we’re ready to turn our attention to scaling our business for even greater impact. The support of these leading investors validates our vision to become families’ intergenerational wealth management partner and empowers us to strategically support a relatively untapped market of families seeking a better way to settle estates after losing a loved one.”

Alix CTO and co-founder Hugh Tamassia added, “Alix has grown in parallel with the tremendous evolution of AI, allowing us to leverage the latest capabilities in the technology to reengineer estate settlement in a way that wasn’t possible two years ago.

“Our AI-powered system eliminates delays, cuts through bureaucracy, and identifies and distributes assets with speed and precision. Today, we’re unlocking millions trapped in slow, outdated processes and are striving towards more advanced capabilities every day. As we continue to build this category, we believe automated estate settlement can become a foundational layer of the future of finance.”

Acrew Capital co-founder Lauren Kolodny said, “We’re especially excited to partner with the team at Alix, a company that’s taking a bold swing at reimagining the intersection of AI and fintech – two industries that have the power to transform how people settle estates and legacies. We believe in the work Alix is doing to create a new category, bringing long-overdue innovation to the wealth settlement space.”