WealthTech firm OneVest secures $20m Series B to transform wealth management

January 30, 2025

WealthTech company OneVest, which provides a modular wealth management technology platform, has secured $20m in a Series B funding round.

The round was led by Salesforce Ventures, with participation from Allianz Life Ventures and TIAA Ventures. Returning investors included OMERS Ventures, Deloitte Ventures, Fin Capital, Luge Capital, and Pivot Investment Partners.

OneVest offers a flexible platform designed to help enterprises modernize their wealth management services. Its technology enables banks, Registered Investment Advisors (RIAs), asset management firms, and insurance companies to either implement a full end-to-end solution or select specific modules to upgrade their existing infrastructure. The platform helps firms reduce reliance on legacy vendors, streamline operations, and offer hybrid experiences tailored to investors’ needs.

The newly raised capital will be used to enhance OneVest’s AI capabilities to improve decision-making and client engagement. Additionally, the company plans to expand its offerings in alternative investments, providing tools that allow enterprises to diversify client portfolios in response to an evolving financial landscape.

OneVest CEO Amar Ahluwalia highlighted the significance of the funding, stating, “We are tackling massive challenges in an industry that’s been traditionally slow to adopt new technologies. Having such esteemed investors solidifies our position to reimagine wealth management technology for enterprises across the U.S. and Canada. With this new funding, we are poised to achieve our goal of becoming the leading wealth management platform in North America.”

Zak Kokosa, senior associate at Salesforce Ventures, added, “OneVest is at the forefront of transforming wealth management technology by providing institutions with the tools needed to deliver personalized and scalable solutions. We’re excited to support OneVest as they continue to set the standard for innovation in an industry poised for tremendous growth.”