Pave Finance, an AI-Powered, Institutional-Grade, Personalized Wealth Management Software Company Raises $14m in an Oversubscribed Seed Financing

Pave Finance, Inc. (“Pave”), a leading provider of wealth management software enabling investment advisors to customize, personalize and automate portfolio construction and management, today announced it has raised $14 million in an oversubscribed seed financing. The capital injection, which exceeded the initial $10 million financing target due to high demand, has accelerated product development and supported the commercial rollout of Pave’s professional software platform, an AI-powered portfolio management tool. The financing included investments from former executive officers and board members of leading financial services firms in the U.S.

Wealth advisors spend an average of 18 hours a week managing portfolios. This time commitment leaves advisors unable to scale without sacrificing client customization. Pave’s proprietary software platform solves this by combining an alpha scoring algorithm, optimization engine and trading platform to deliver truly personalized portfolios aligned to each client’s goals and risk profile. By automating ongoing investment management, Pave helps advisors enhance returns, minimize volatility and save valuable time.

The Pave software platform was originally used as the quantitative models driving billions in asset management by Pave’s investment team. Since the founding of Pave, using forms of artificial intelligence such as machine learning and predictive analytics, the team has converted the quantitative models into a self-service software platform allowing advisors to access decades of investment acumen. As markets shift, Pave generates buy and sell recommendations, executes trades directly, and builds customized portfolios that align with client objectives while keeping risk consistent with chosen benchmarks.  Over the last 15 years, the standard model behind Pave’s software has outperformed the S&P 500 by an average of 285 basis points per year. Since the launch of the software and integration with many of the major custodians, Pave has begun deploying the software to independent investment advisors that, in the aggregate, manage more than 60,000 accounts with more than $18 billion in client assets.

“The market acceptance, acceleration of advisor adoption, and assets flowing into Pave underscores the strength of our industry-leading platform,” said Christopher Ainsworth, Chief Executive Officer of Pave. “These milestones highlight the meaningful impact we are making for advisors and their clients.  Pave is transforming how portfolios are built, personalized and managed. This new injection of capital enables us to accelerate innovation, expand our capabilities, and further support advisors in delivering truly personalized investment outcomes at scale.”

Pave tracks more than 10,000+ publicly traded securities globally, enabling U.S. wealth advisors to manage equity and multi-asset portfolios. Advisors can easily exclude sectors, industries or assets, account for existing holdings and tax considerations and optimize for each client’s risk tolerance. The platform integrates seamlessly with custodians enabling fast onboarding.

Pave’s leadership team combines over 200 years of experience at financial institutions such as Goldman Sachs, Morgan Stanley, Bank of America, Merrill Lynch, J.P. Morgan, Fidelity, and several hedge funds, as well as technology companies such as Google, Apple, Meta, Amazon, Wealthfront, DriveWealth, and E-Trade.