RightCapital, Inc., a leading financial planning platform for registered investment advisors and independent broker-dealers, has announced today it has secured $1 million in a seed capital fund raise. Camellia Venture Capital led the round with other individual strategic investors also participating (see below for biographies). Camellia Venture Capital is a New Jersey based venture capital firm that focus on early-stage, high-growth fintech firms.
“We created RightCapital with the goal of developing a next-generation financial planning software that advisors can use to simplify the financial planning experience for their clients,” said Shuang Chen, co-founder and CEO of RightCapital. “This round of funding will help us reach more advisors and deliver significant product updates while expanding the financial planning and tax planning capabilities for advisors of all sizes and across all generations.”
In the first ten months, since the platform went live in September 2015, RightCapital has on-boarded more than 200 financial advisory firms. The co-founders, brothers Shuang Chen and Song Chen, expect to continue to grow the user-base significantly.
Total Equity Funding: $1M in Seed Round from 4 Investors