Datalign Advisory, an AI-based platform that matches consumers with leading financial advisors, today announced that Link Ventures invested $5 million in Datalign, bringing the total investment to $9 million on a post-money valuation of $75 million.
The funding enables Datalign to accelerate the development of innovative AI and ML capabilities that promise to transform how financial advisors serve their clients. This funding follows a year of exceptional 300% growth, with Datalign referring nearly $40 billion in assets to Registered Investment Advisor (RIA) firms at the end of last year, compared to $14.8 billion at the end of 2023.
Link Ventures’ investment in Datalign marks a major milestone in both companies’ trajectories. Link Ventures consistently demonstrated an ability to identify and scale category-defining, transformative companies, as evidenced by early investments in CarGurus, EverQuote, and DataSage (acquired by Vignette). And Link Ventures has emerged as a leading force in AI investing, with its investments in Mercor and Liquid AI becoming two of their respective industry’s top five AI unicorns in the past year. Link sees similar unicorn potential in Datalign’s approach to reimagining the wealth management space and the rapid path to profitability.
With this funding, Datalign aims to aggressively scale its team of AI experts and plans to release several AI-focused products this year as the company continues to invest in industry-changing technology that redefines how people receive financial services.
Since launching in 2022, Datalign has retained nearly 100% of its customers and experienced 18% average month-over-month growth across its platform.
KEY QUOTES:
“Organic growth has always been a fundamental challenge in wealth management. As we approach an $80 trillion wealth transfer, Datalign has cracked the code on scalable growth for RIAs. Their ability to deliver high-quality client relationships at scale is exactly what the industry needs right now.”
- John Wernz, former Chief Growth and Marketing Officer at Wealth Enhancement Group and Executive Director at Datalign
“In my experience investing in AI companies, I’ve rarely seen the combination of innovative technology and massive market opportunity that Datalign presents. Not only have they assembled an exceptional team of talent from MIT and tech giants like Amazon, Meta, Google and Microsoft, but they stand out as the fastest-growing company in Link Venture’s portfolio history. We see incredible potential for Datalign to become a unicorn in fintech.”
- Dave Blundin, co-founder and Managing Partner at Link Ventures
“With Link Ventures’ partnership, we’re strategically positioned to execute our vision of leading the wealth management industry’s AI revolution. Link is the perfect partner for Datalign’s next stage of evolution because of their team’s successful history in investing in disruptive and transformative technology, and we’re excited for what the future holds.”
• ⁃ Satayan Mahajan, CEO of Datalign
