VRGL, a Dallas, TX-based provider of institutional-grade analytics and automated data extraction to the wealth management industry, announced that it raised $15 million in Series A funding.
The round was led by MissionOG and FINTOP Capital, with participation from Sallyport Investments and Checchi Capital.
The round also included investments from other venture firms and strategic partners, including Dynasty Financial Partners, Northwestern Mutual Future Ventures, Flyover Capital, Fin Capital, and The Compound Capital.
With this Series A financing, VRGL will scale its operational resources, further grow its sales and partnership capabilities, and execute its product and marketing roadmap.
The investment follows immediate revenue growth post launch as wealth managers embrace the solution to accelerate the Client Acquisition, Proposal Management, and Retention process (“CAPM & R”)
Company: VRGL, Inc.
Round: Series A
Funding Month: Aug 2022
Lead Investors: MissionOG and FINTOP Capital
Additional Investors: Sallyport Investments, Checchi Capital, Dynasty Financial Partners, Northwestern Mutual Future Ventures, Flyover Capital, Fin Capital, and The Compound Capital
Company Website: https://www.vrglwealth.com/
Software Category: Wealth Management
About the Company: VRGL is led by co-founders Josh Smith, CEO, and Josh Zimmerman, COO, both of whom have a proven track record of developing multi-asset class analytics and SaaS-based platforms. VRGL's platform provides institutional-grade analytics and automated data extraction to empower wealth management firms to accelerate the Client Acquisition, Proposal Management, and Retention process ("CAPM & R"). By giving clients a complete view of their consolidated investment picture, VRGL enables advisors to quickly demonstrate how and why they add value. VRGL analyzes a client's entire portfolio across 5 pillars: performance, risk, diversification, taxes, and fees. Founded by pioneers of the institutional wealth management industry, VRGL’s technology lets advisors seamlessly aggregate all client investment data and provides a no-touch analytics package allowing the advisor to contextualize their own investment offerings and advice.