About Altruist
Altruist is a company based in Los Angeles (United States) founded in 2018 by Jason Wenk.. Altruist has raised $601.5 million across 7 funding rounds from investors including Vanguard, Baillie Gifford and GIC. The company has 169 employees as of December 31, 2022. Altruist has completed 1 acquisition, including Shareholders Service Group. Altruist offers products and services including Portfolio Management, Portfolio Reporting, Model Marketplace, and Altruist Cash. Altruist operates in a competitive market with competitors including GeoWealth, Nucleus Financial, xalts, SnapTrade and Fintso, among others.
- Headquarter Los Angeles, United States
- Employees 169 as on 31 Dec, 2022
- Founders Jason Wenk
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Sectors
Technology
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Email
***********
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Phone
*********
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Website
*********
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Social
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- Legal Name Altruist Corp
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$601.5 M (USD)
in 7 rounds
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Latest Funding Round
$152 M (USD), Series F
Apr 22, 2025
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Investors
Vanguard
& 17 more
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Employee Count
169
as on Dec 31, 2022
- Investments & Acquisitions
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Products & Services of Altruist
Altruist offers a comprehensive portfolio of products and services, including Portfolio Management, Portfolio Reporting, Model Marketplace, and Altruist Cash. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Tool for efficient client portfolio management and outcomes
Platform for effortless data presentation and analysis
Service to access models without overpaying for TAMP
Offering for industry-leading APY on cash accounts
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Funding Insights of Altruist
Altruist has successfully raised a total of $601.5M across 7 strategic funding rounds. The most recent funding activity was a Series F round of $152 million completed in April 2025. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding Total Funding
- Total Rounds 7
- Last Round Series F — $152.0M
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First Round
First Round
(25 Nov 2019)
- Investors Count 18
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Apr, 2025 | Amount | Series F - Altruist | Valuation | GIC | |
| May, 2024 | Amount | Series E - Altruist | Valuation | ICONIQ Growth | |
| Apr, 2023 | Amount | Series D - Altruist | Valuation | Insight Partners , Adams Street Partners |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Altruist
Altruist has secured backing from 18 investors, including venture fund, institutional, and angel investors. Prominent investors backing the company include Vanguard, Baillie Gifford and GIC. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
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Sovereign wealth is managed and private equity investments are facilitated.
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Founded Year | Domain | Location | |
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Early-stage tech startups are funded by corporate-backed Salesforce Ventures.
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Founded Year | Domain | Location | |
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Growth-stage tech investments are targeted in the US and Japan.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Altruist
Altruist has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include Shareholders Service Group. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Investment brokerage services are provided to institutional shareholders.
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2002 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
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2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Altruist
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Altruist Comparisons
Competitors of Altruist
Altruist operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as GeoWealth, Nucleus Financial, xalts, SnapTrade and Fintso, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Integrated wealth management solutions are offered for advisors and institutions.
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| domain | founded_year | HQ Location |
Portfolio management solutions are offered to financial advisors.
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| domain | founded_year | HQ Location |
Wealth management solutions are delivered via an online platform.
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| domain | founded_year | HQ Location |
Provider of API enabling brokerage account connectivity for data and trading
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| domain | founded_year | HQ Location |
Digital wealth tools are provided to empower financial advisors.
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| Company Name | Domain | Founded year | HQ Location | Description |
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| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Altruist
Frequently Asked Questions about Altruist
When was Altruist founded?
Altruist was founded in 2018 and raised its 1st funding round 1 year after it was founded.
Where is Altruist located?
Altruist is headquartered in Los Angeles, United States. It is registered at Los Angeles, California, United States.
Who is the current CEO of Altruist?
Jason Wenk is the current CEO of Altruist. They have also founded this company.
Is Altruist a funded company?
Altruist is a funded company, having raised a total of $601.5M across 7 funding rounds to date. The company's 1st funding round was a Series D of $112M, raised on Nov 25, 2019.
How many employees does Altruist have?
As of Dec 31, 2022, the latest employee count at Altruist is 169.
What does Altruist do?
Portfolio management software for financial advisors. It features AI-based tools for research, problem identification, and workflow management. It offers an integrated digital brokerage platform. It helps in goal-based saving, tax management, expense management, and more.
Who are the top competitors of Altruist?
Altruist's top competitors include Nucleus Financial, QPLIX and SMArtX.
What products or services does Altruist offer?
Altruist offers Portfolio Management, Portfolio Reporting, Model Marketplace, and Altruist Cash.
How many acquisitions has Altruist made?
Altruist has made 1 acquisition, including Shareholders Service Group.
Who are Altruist's investors?
Altruist has 18 investors. Key investors include Vanguard, Baillie Gifford, GIC, Salesforce Ventures, and Geodesic Capital.
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