Range just secured a $60M Series C, and the whole thing feels like someone finally turned on the lights in a room the wealth world pretended did not exist. Fahad Hassan and David Cusatis saw a gap so wide you could drive a convoy through it. High earners who were too wealthy for robo apps but not wealthy enough for private banks were getting stuck with half answers, slow responses and advisors who treated comprehensive planning like a luxury item. So in 2021 they built Range, and suddenly the middle of the wealth curve had a way to think, plan and move like institutions without handing over a % of everything they own.
Scale Venture Partners led the round with Alex Niehenke joining the board, while Gradient Ventures and Cathay Innovation returned and 53 Stations jumped in for the first time. When a company crosses 400M in AUM and 9.5B in AUA with 5,000+ members across all 50 states, investors stop talking in metaphors and start talking in checks. The 300% YoY revenue growth only reinforced what the traction was already shouting. Range is not nibbling around the edges of a $90T industry. It is carving out the part everyone else ignored because legacy advisors could never make the economics work.
The engine behind it all is Rai, the AI advisor that trimmed advisor message volume by 50% and quietly handles 80% of the analysis that used to eat entire workdays. Instead of the usual black box robologic, Rai is a stack of specialized intelligence: tax reasoning, compliance rules, investment logic and real time planning stitched into a dashboard that maps an entire financial life without forcing users to play detective. When you combine that with human planners like Sam Swenson and Danielle Alcide who work shoulder to shoulder with engineers rather than sit downstream from them, you get a model that feels less like automation and more like augmentation with teeth.
Fahad Hassan and David Cusatis surrounded the company with a leadership team that understands both scale and subtlety. CTO Chris Davidson drives the AI infrastructure, VP Engineering Meg Rose steers the build, VP Investments Taresh Batra grounds the strategy, VP Finance Steve Kim manages the financial architecture and Head of Operations Kiah Buchner keeps the whole machine tight. Add board advisor Haroon Mokhtarzada, whose track record at Rocket Money, Truebill and Webs speaks for itself, and you have a company stacked with people who know exactly how consumer finance products earn trust at scale.
This $60M infusion is more than runway. It is acceleration fuel. Range is building out New York, planting a flag on the West Coast, expanding enterprise partnerships and shaping a broker dealer that will let them open even more doors for clients. The real play is moving into the mass affluent segment without losing the institutional grade quality that set them apart in the first place. If the last 4 years proved anything, it is that Americans were not looking for the richest version of wealth management. They were looking for the smartest, the clearest and the most accessible, and Range gave them room to move.
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