OneVest has raised $20 million in its successful Series B funding round. This strategic investment serves to bolster the execution of the firm’s goal to introduce innovative solutions that will empower financial institutions and advisors across North America.

About the Company

Founded in 2021, OneVest quickly became the front runner of fintech through offering a rich, configurable platform for wealth management. The company modular approach means financial firms and advisors can develop tailored solutions unique to their client needs, enhance efficiency, and encourage client engagement.

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OneVest Funding Details

The Series B funding round, announced on January 29, 2025, was led by Salesforce Ventures, which demonstrated a strong vote of confidence from a leading global investor. New investors Allianz Life Ventures and TIAA Ventures also joined the round, bringing valuable industry expertise and strategic insights. Returning investors included OMERS Ventures, Deloitte Ventures, Fin Capital, Luge Capital, and Pivot Investment Partners, which demonstrated continued support for OneVest’s vision and growth trajectory.

Strategic Goals for the New Capital

The new capital is being allocated for a variety of important projects:

U.S. Expansion: OneVest will work to expand its presence in the U.S. with a view to becoming a market leader in the field of wealth management technologies. The company believes that the U.S. has tremendous growth potential and is committed to delivering bespoke solutions to meet the specific needs of U.S. financial institutions and advisors. 

Advanced AI Capabilities: A large share of the funds will be spent on developing high-end AI-based tools that can improve different features of the platform. These features include client onboarding, portfolio rebalancing, and alternative investments. The AI-based recommendation feature will help advisors make the right decisions and, in turn, improve client outcomes.

Talent Acquisition and Team Expansion. To support ambitious growth plans, OneVest plans to heavily expand its team. The company currently employs 80 professionals, and it hopes to hire close to 100 more employees within the next 12 months. This will build the company’s capabilities in developing products, offering customer support, and reaching new markets.

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Leadership Perspectives

Amar Ahluwalia, CEO at OneVest, said, “It is really exciting to work with the company, with such enormous challenges in an industry so slow to adopt new technologies. But it is all the more satisfying to have esteemed investors that solidify our position for reinventing wealth management technology for enterprises throughout U.S. and Canada.” He further noted, “With this round of funding, we are positioned to achieve our ambition of becoming the leading wealth management platform in North America.”

Zak Kokosa, Senior Associate at Salesforce Ventures, highlighted the transformative potential of OneVest’s solutions, stating, “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.”

Read also: Berlin-based fintech startup Tapline raised €20M led by Karim Beshara

The Future of Wealth Management

The wealth management industry is experiencing a huge shift due to technological advancements and changing client expectations. OneVest’s platform addresses these changes by offering:

• Configurable Solutions: Allowing firms to tailor the platform to their specific needs, enhancing flexibility and responsiveness.
• Modular Architecture: Enabling seamless integration of various tools and services, promoting efficiency and scalability.
• AI-Driven Insights: Providing advisors with actionable recommendations to improve client engagement and portfolio performance.

OneVest has the capability of leveraging these aspects to enable financial institutions to offer personalized and efficient services to the modern client.