Pave Finance, an AI-powered portfolio management platform for financial advisors, said it raised more than $15 million in an oversubscribed Series A round, reaching a $100 million pre-money valuation, according to an announcement reported by The AI Insider.
The round followed a $14 million oversubscribed seed round in September 2025 and included investment from advisory firms and former executives of leading financial services companies, the announcement said.
It did not name the participating investors, specify the precise total raised, or detail the full terms of the round.
Platform scale and adoption
According to the announcement, advisors using Pave now oversee more than $130 billion in assets across over 300,000 accounts. The company says it tracks more than 50,000 publicly traded securities globally, allowing advisors to customize portfolios based on sector exclusions, tax considerations, and individual client risk tolerance.
Pave describes its platform as helping registered investment advisors and wealth management firms build and personalize client portfolios at scale using AI.
What leadership says the funding is for
CEO Christopher Ainsworth said the funding reflects growing demand for modernized advisory technology as firms seek to manage larger client bases while offering greater personalization. He said the capital will support expansion of Pave's market-facing and engineering teams.
The announcement did not specify how much of the funding is allocated to each area, or over what timeframe the hiring is expected to occur.
Company background
Pave Finance was founded in 2021 and is based in New York, according to the announcement. It operates through subsidiaries spanning software licensing, broker-dealer services, and investment advisory.
The company's leadership includes veterans of firms such as Goldman Sachs, Morgan Stanley, and J.P. Morgan, as well as technology companies including Google, Apple, and Meta, the announcement said. Pave Finance is distinct from PAVÉ, a New York City restaurant with a similar name.
What is confirmed and what remains unclear
The confirmed elements are the announced raise of more than $15 million, the stated $100 million pre-money valuation, the September 2025 seed round of $14 million, and the platform's described scale and capabilities, all as presented in the announcement.
What is not yet public includes the identities and individual contributions of investors, the company's post-money valuation, and its revenue or profitability. The announcement itself did not provide independent verification of the asset and account figures.
Additional details on how the capital will be deployed, and any further investor information, have not been announced.