Oversubscribed round led by Scale Venture Partners will fuel AI-technology development, West Coast expansion, and broker-dealer services. Rocket Money CEO Haroon Mokhtarzada, Scale Venture Partners’ Alex Niehenke will join the company’s board of advisors
McLean, VA – Range, the AI-powered wealth management platform revolutionizing how Americans plan their financial futures, today announced its $60M Series C led by Scale Venture Partners. The funding round also included participation from Gradient Ventures and Cathay Innovation, along with several new investors including 53 Stations.
Range also announced the appointment of Rocket Money CEO Haroon Mokhtarzada to the company’s board of advisors, alongside Scale Venture Partners’ Alex Niehenke. Mokhtarzada founded Truebill, rebranded as Rocket Money upon its $1.3B exit to Rocket Companies in 2021. Prior, he founded Webs, acquired in 2011 by Vistaprint for over $100M. The round brings the company’s total capital raised to over $100 million and the new funding will accelerate hiring across AI, product, and go-to-market teams, expand enterprise partnerships, and deepen the capabilities of Range’s AI wealth manager – Rai, to include predictive planning and proactive tax optimization.
The U.S. wealth management industry manages over $90 trillion in assets, yet just 1% of Americans have worked with a financial advisor—priced out by high minimums, percentage-based fees that erode returns, and a system built for the ultra-wealthy. Range is unlocking this untapped market by delivering institutional-grade financial planning through AI at a fraction of traditional costs, making sophisticated wealth management accessible to the millions of high-earning households who have been systematically excluded.
“Range is making sophisticated financial guidance radically more accessible through AI,” said Alex Niehenke, Partner at Scale Venture Partners. “They’re transforming an industry that has traditionally only served the ultra-wealthy by delivering institutional-grade advice at scale. We believe Range has the team, technology, and traction to lead the next era of wealth management.”
Range now manages $400 million (AUM) with $9.5 billion in assets under advisement (AUA) across its platform, serving 5,000+ high-net-worth customers across all 50 states. The company has achieved 300% year-over-year revenue growth, positioning it among the fastest-growing registered investment advisors in the U.S.
“The traditional wealth management model is fundamentally broken—slow, expensive, and accessible only to the ultra-wealthy,” said Fahad Hassan, CEO and co-founder of Range. “This new funding ensures we can accelerate our growth—reaching more households, expanding our capabilities, and setting a new standard for what financial advice should look like when powered with hyperfocused AI.”
Rai, Range’s AI wealth advisor, handles complex financial questions at scale—fielding thousands of inquiries per month and driving a 50% reduction in messages to human advisors since its launch earlier this year. Range is now building specialized AI agents focused on compliance, tax optimization, and investment guidance, creating an integrated intelligence layer that delivers institutional-grade financial planning autonomously while maintaining the precision and regulatory rigor their members expect.
Range plans to expand into broker-dealer services, broadening the investment products and financial solutions available to members beyond its current RIA platform. The company will also expand its operations on the West Coast.
For more information/to schedule a demo/to join our team, go to https://www.range.com/public/about-us.
About Range
Range is an AI-powered wealth management platform transforming how Americans build and manage their financial futures. Leveraging proprietary data and cutting-edge artificial intelligence, Range delivers comprehensive, expert-level financial planning—faster, smarter, and at a fraction of the cost of traditional advisors. For more information, visit www.range.com.