Pave Finance Reports New Funding To Scale AI Enabled Investment Portfolio Tools For Advisors
Pave Finance, a New York firm building artificial intelligence tools for wealth advisors, has closed an oversubscribed Series A round of more than $15 million at a $100 million valuation. The capital will expand its sales and engineering staff after a $14 million seed round in 2025.
Founded in 2021, the company set out to give independent advisors institutional-quality portfolio construction without the traditional cost or operational drag.
Co-founders Pascal Cevaer-Corey, a former McKinsey consultant, Peter Corey, an ex-hedge fund manager, and Stephen Evans, a quantitative portfolio specialist, designed the system so advisors could personalize strategies for clients who previously lacked access to the same tools available to large fortunes.
Chief Executive Christopher Ainsworth, who joined from Deutsche Bank’s private wealth group in late 2022, said growing advisory practices now face two simultaneous pressures: more clients and stronger demand for customized portfolios.
The platform aims to ease that tension by automating construction, ongoing management, and trading.
Pave monitors more than 50,000 publicly listed securities and connects directly with custodians such as Charles Schwab, Fidelity, and BNY Pershing.
Advisors can apply exclusions for sectors or individual names, incorporate existing holdings and tax constraints, and keep risk aligned with chosen benchmarks.
The software supports both discretionary and non-discretionary mandates.
Revenue comes from software licenses, trading activity, and advisory fees.
The underlying quantitative models, originally used internally to manage billions of dollars, have been packaged with machine learning and predictive analytics into a self-service product.
Company materials state that the core approach outperformed the S&P 500 by an average of 285 basis points annually over a 15-year period ending in mid-2025, though past results do not guarantee future performance.
The firm now reports representing $130 billion across more than 300,000 accounts, a sharp increase from earlier figures of $18 billion and 60,000 accounts after the seed round.
Investors in the latest round include advisory firms, former senior executives and board members from financial-services companies, and existing insiders.
The money is intended to accelerate product development and help advisors deliver individualized outcomes at greater scale while reducing the roughly 18 hours many still spend each week on manual portfolio work.
Pave’s leadership team draws on more than two centuries of combined experience at institutions including Goldman Sachs, Morgan Stanley, JPMorgan, Fidelity, and technology companies such as Google and Amazon.
The company operates through software, broker-dealer, and registered-investment-advisor subsidiaries.
As wealth managers confront rising client expectations and operational complexity, platforms that combine quantitative rigor with automation continue to attract capital. Pave’s latest raise positions it to broaden its reach among independent advisors seeking lower-cost personalization.
