Key US WealthTech investment stats in H1 2026:
- US WealthTech deal activity grew 48% YoY
- California topped US WealthTech deal activity as companies based in the state secured 22% of all deals in the first half of the year
- GeoWealth, a turnkey asset management platform built specifically for registered investment advisors, raised $42.5m in an expansion of its Series C financing, marking one of the biggest US WealthTech deals in H1
US WealthTech deal activity grew 48% YoY
US WealthTech market recorded 233 deals in H1 2026, up 48% from 157 transactions in H1 2025 and 13% from 206 in H2 2025.
Funding fell to $1.5bn, down 13% from $1.7bn in H1 2025 and 17% from $1.8bn in H2 2025.
The divergence between rising deal volumes and declining funding points to a compression in average deal sizes.
Activity has expanded considerably over the past twelve months, but capital commitment per transaction has softened, suggesting investors are spreading capital more broadly rather than concentrating it in a smaller number of larger rounds.
California topped US WealthTech deal activity as companies based in the state secured 22% of all deals in the first half of the year
California climbed from second place in H1 2025, where it recorded 34 deals and a 22% share, to lead the ranking in H1 2026 with 45 deals and a 19% share, a 32% rise in volume.
Nevada entered the top three in H1 2026 with 39 deals and a 17% share, having not featured in the equivalent ranking a year earlier.
Its emergence as the second most active state is one of the more striking developments of the period, given its absence from the prior ranking.
New York slipped from first place in H1 2025, where it recorded 45 deals and a 29% share, to third in H1 2026 with 38 deals and a 16% share, a 16% decline in volume and a meaningful narrowing of its proportional standing.
Florida, which had held third place in H1 2025 with nine deals and a 6% share, dropped out of the top three entirely.
The reshaping of the ranking, with Nevada’s arrival and Florida’s exit alongside New York’s retreat from the summit, points to a notable redistribution of US WealthTech activity, even as California consolidated its position at the head of the market.
GeoWealth, a turnkey asset management platform built specifically for registered investment advisors, raised $42.5m in an expansion of its Series C financing, marking one of the biggest US WealthTech deals in H1
The investment was made by Goldman Sachs, with Apollo, BlackRock, J.P. Morgan Asset Management and Kayne Anderson Capital Advisors remaining as minority investors alongside majority owner The Globe Resources Group.
The platform’s unified managed account framework enables advisors to combine multiple investment vehicles in a single account, enhancing diversification, personalisation and tax management, while providing streamlined access to private markets through private-only, public-private and blended models.
The raise builds on a partnership with Goldman Sachs Asset Management established in October 2024, focused on enabling RIAs to build open-architecture custom models for high-net-worth clients.
Proceeds will fund continued development of its technology platform and an expansion of its custom and public-private model capabilities.
Keep up with all the latest FinTech research here
Copyright © 2026 FinTech Global
