Digital wealth platform Zoe has secured $29.6m in a Series B funding round, led by Sageview Capital.

The investment takes the wealthtech firm’s total funding to $45m.

Several RIA partners of Zoe and their executives team members participated in the round.

Among the participating firms are CAPTRUST, Creative Planning, Mariner Wealth Advisors, Perigon Wealth Management, and Falcon Wealth Planning.

Sageview Capital partner Sasank Chary said: “Zoe is building the connective tissue between independent advisors and clients.

“They are uniquely positioned to transform how consumers access truly personalised financial advice and investments while helping RIAs scale more efficiently. We’re excited to support their next phase of growth.”

The capital infusion will help Zoe address critical challenges within the wealth management industry.

Its all-in-one platform aims to aid RIAs in achieving “consistent organic growth” and enhance client services.

The recent funding will help speed up Zoe’s growth by enhancing the capabilities of its platform and expanding its team.

Zoe’s platform offers a range of investment strategies, including tax-loss harvesting and commission-free fractional trading.

These features, once available primarily to ultra-wealthy investors, are now accessible to clients with varying account sizes.

For RIAs, Zoe provides not only technology but also business development support. This includes outsourced operational services, client referral network, and customisable white-labelled solutions.

Zoe founder and CEO Andres Garcia-Amaya said: “This investment is a testament to the traction we’ve seen with Zoe. We’re doubling down on our mission to protect and grow our clients’ wealth.”

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