Range Raises $28 Million Led by Cathay Innovation

Range, an emerging player in the wealth management sector, has successfully raised $28 million in Series B funding, with Cathay Innovation taking the lead. This latest funding round brings Range's total funding to $40 million. The company, which was co-founded in 2021 by Fahad Hassan and David Cusatis, is pioneering the use of AI in wealth management, providing services that integrate investment, tax planning, and estate management at a fraction of traditional costs. With over 1,000 high-net-worth members managing nearly $3 billion in assets through its platform, Range is positioning itself as a front-runner in the digital transformation of wealth management. Major investors, including Gradient Ventures, have joined this effort to support Range's plans to enhance its AI capabilities and expand its engineering team. The entrance of Chris Davidson as the CTO underpins their commitment to technological advancement. Cathay Innovation, known for investing in transformative enterprises across global markets, joins this mission, with partner Simon Wu also taking a seat on Range's board.