What is Range?
Range is a pioneering company that offers an advanced AI-powered wealth management platform. Its core offering includes sophisticated financial planning and personalized investment advice, delivered through its AI advisor, Rai, which adeptly manages a high volume of financial inquiries. The company leverages proprietary data and cutting-edge artificial intelligence to deliver comprehensive, expert-level financial guidance. Headquartered in McLean, Virginia, Range is actively developing specialized AI agents focused on compliance, tax optimization, and enhanced investment strategies, positioning itself at the forefront of financial technology innovation.
How much funding has Range raised?
Range has raised a total of $100M across 3 funding rounds:
Series A
$12M
Series B
$28M
Series C
$60M
Series A (2023): $12M with participation from Gradient Ventures, Red Sea Ventures, and 8-Bit Capital
Series B (2024): $28M led by Cathay Innovation and Gradient Ventures
Series C (2025): $60M supported by Gradient Ventures, Cathay Innovation, 53 Stations, and Scale Venture Partners
Key Investors in Range
Gradient Ventures
Gradient Ventures is a venture capital firm specializing in AI startups, likely focusing on companies that leverage artificial intelligence for innovative solutions, such as Range's AI-powered wealth management platform.
Cathay Innovation
Cathay Innovation is a global venture capital firm that invests in multi-stage startups making a positive impact through technology, with a focus on sectors including AI and financial technology, aligning with Range's business model.
53 Stations
53 Stations is an early-stage venture capital firm with a focus on wealth tech and backed by The Pritzker Organization, indicating a strategic interest in companies like Range that are transforming the financial services industry.
What's next for Range?
The substantial enterprise-level funding and recent strategic investment signal that Range is poised for significant scaling and market expansion. This capital infusion is likely to accelerate the development of its specialized AI agents for compliance, tax optimization, and investment guidance, further solidifying its competitive edge. The company's trajectory suggests a move towards broader market penetration and potentially exploring new verticals within the fintech landscape. Continued investment in its AI capabilities and data infrastructure will be crucial for maintaining its leadership position and driving future growth.
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