Riskalyze, a Sacramento-based risk analysis technology firm, announced a $20 million influx from FTV Capital. It was Riskalyze’s first round of outside funding, and CEO Aaron Klein explains what the firm's going to do with it's new influx of funding.
It was Riskalyze’s first round of outside funding, and CEO Aaron Klein said in a press release that it would be used to improve and expand the company’s growing line of products, including the core Riskalyze product, the Autopilot robo advisor platform and the Compliance Cloud, an analytics service. The deal also brings FTV Capital Managing Partner Brad Bernstein onto Riskalyze’s board of directors. Many of Riskalyze’s clients are independent Registered Investment Advisors, a group that tends to get nervous when outside financial services firms become involved with the products they use. Looking to learn a little more about the deal, WealthManagement.com got Klein on the phone to ask more about the funding. WealthManagement.com: You’ve noted how well Riskalyze has been growing as a company organically and is constantly announcing new partnerships. Why turn to outside capital now?
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