About Facet
Facet is a company based in Vancouver (Canada) founded in 1991 by Brent Weiss, Patrick McKenna, and Anders Jones.. Facet has raised $40.23 million across 5 funding rounds from investors including Warburg Pincus and Multiplier Capital. Facet offers products and services including Financial Planning Service, Investing Guidance, Retirement Planning, and Tax Planning. Facet operates in a competitive market with competitors including Purpose Unlimited, iA Private Wealth, IG Wealth Management, RetireWare and WealthyPlanet, among others.
- Headquarter Vancouver, Canada
- Founders Brent Weiss, Patrick McKenna, Anders Jones
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
*********
- Legal Name Facet Wealth, Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$40.23 M (USD)
in 5 rounds
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Latest Funding Round
$10 M (USD), Unspecified
Oct 08, 2024
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Investors
Warburg Pincus
& 1 more
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Employee Count
Employee Count
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Products & Services of Facet
Facet offers a comprehensive portfolio of products and services, including Financial Planning Service, Investing Guidance, Retirement Planning, and Tax Planning. 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.
Provides unbiased financial advice and personalized roadmaps.
Offers strategies for goal-aligned investments and tax harvesting.
Assists with savings, withdrawals, and pre-retirement strategies.
Delivers tax reduction and efficient education savings plans.
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Funding Insights of Facet
Facet has successfully raised a total of $40.23M across 5 strategic funding rounds. The most recent funding activity was a Unspecified round of $10 million completed in October 2024. 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 5
- Last Round Unspecified — $10.0M
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First Round
First Round
(31 Oct 2011)
- Investors Count 2
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Oct, 2024 | Amount | Debt – Conventional - Facet | Valuation |
investors |
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| Oct, 2024 | Amount | Unspecified - Facet | Valuation | Warburg Pincus |
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| Jul, 2024 | Amount | Unspecified - Facet | Valuation |
investors |
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| 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 Facet
Facet has secured backing from 2 investors, including venture fund investors. Prominent investors backing the company include Warburg Pincus and Multiplier Capital. 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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Venture debt is provided to US-based technology companies.
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Founded Year | Domain | Location | |
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Multi-stage private equity investments are pursued across diverse sectors.
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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 Facet
| 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 |
Financial Statements - Facet
| 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 |
Facet Comparisons
Competitors of Facet
Facet 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 Purpose Unlimited, iA Private Wealth, IG Wealth Management, RetireWare and WealthyPlanet, 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 |
Wealth management services are provided by Purpose Unlimited in Toronto.
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| domain | founded_year | HQ Location |
Provides comprehensive wealth planning, investment advice, and tax strategies for individuals.
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| domain | founded_year | HQ Location |
Online financial advice and planning services are provided.
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| domain | founded_year | HQ Location |
Retirement planning is enabled through financial management and investment allocation.
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| domain | founded_year | HQ Location |
AI-driven tools for financial planning and debt management are provided.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| 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 Facet
Frequently Asked Questions about Facet
When was Facet founded?
Facet was founded in 1991 and raised its 1st funding round 20 years after it was founded.
Where is Facet located?
Facet is headquartered in Vancouver, Canada. It is registered at Vancouver, British Columbia, Canada.
Who is the current CEO of Facet?
Anders Jones is the current CEO of Facet. They have also founded this company.
Is Facet a funded company?
Facet is a funded company, having raised a total of $40.23M across 5 funding rounds to date. The company's 1st funding round was a Unspecified of $28.22M, raised on Oct 31, 2011.
What does Facet do?
Facet was established in 1991 in Vancouver, Canada, as an online video streaming service. Content is uploaded by creators and accessed by users through the platform, with emphasis placed on travel advice videos. Operations center on facilitating digital content distribution in the media sector. The company is led by co-founders Brent Weiss, Patrick McKenna, and Anders Jones as CEO. Services are provided via the domain facet.com.
Who are the top competitors of Facet?
Facet's top competitors include Purpose Unlimited, IG Wealth Management and Cascades Financial Solutions.
What products or services does Facet offer?
Facet offers Financial Planning Service, Investing Guidance, Retirement Planning, and Tax Planning.
Who are Facet's investors?
Facet has 2 investors. Key investors include Warburg Pincus, and Multiplier Capital.
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