• FOUNDING YEAR: 2009
    LOCATION:
    United States
    REGION:
    New York
    Last Update:
    18 Oct, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Hedgeable: It is a robo-advice based wealth management platform for HNW clients & Investors. It uses AI engine to customizes portfolios in over 5,000 ways for clients. The product features are customized asset allocation, automated and rebalancing portfolios, downside protection, account aggregation, socially responsible investing, access to alternative investments like bitcoin and venture capital, client rewards, etc. It provides API service that integrates with third-party application like banks, credit card firms, financial planning, lending, credit unions, education providers, and others. It allows developers to integrate their application with Hedgeable, which enables them to pull back client data and analytics, build custom UI and applications, and outsource wealth management capabilities to Hedgeable.
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail Investor
EXISTING PARTNERSHIPS:
CircleUp
COMMENT
Using artificial intelligence, Tax Samurai automates tax-efficient portfolios, trading and transfers, and overlays downside protection on holdings Hedgeable can’t sell. It also aggregates financial accounts, real estate and private investments and can provide HNW investors with estate and planning tools. Hedgeable is one of the platforms to offer a full suite of 401(k) and small business investment options for clients.

PEOPLE

FOUNDERS:
Matthew Kane, Mike Kane
Board Members and Advisors:
Dan Dall'Asta
NUMBER OF EMPLOYEES:
11-50
INVESTORS:
Pascal Bouvier, Route 66 Ventures, SixThirty
KEY EMPLOYEES:
Mike Kane (CEO); Matthew Kane (COO); Siddharth Sharma (CTO)

TRACTION

VALUATION / MARKET CAP:
$11.67 MM in 2015
COMMENT:
Hedgeable has approximately $45 million in assets under management, and it uses those assets for an active investing and management strategy. (Jan 2017)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$1.85 Millions
DATE OF LAST FUNDING:
Nov 2015
SEED & PRIOR FUNDING:
$1.85 Millions
SEED CLOSED ON:
Nov 2015
LISTED:
NO

LATEST RESEARCH