The estate planning software startup Wealth.com has raised a $30 million Series A funding round led by Google Ventures, with participation from 53 Stations, a venture capital fund started by the Pritzker family office.
Other investors in the Series A include Citi Ventures, Firebolt Ventures and Neuberger Berman’s Outpost Ventures.
More than 550 wealth management firms help their clients with estate planning through Wealth.com, which includes graphics to simplify estate visualization as well as AI-powered features to streamline tax planning and financial reporting.
Wealth.com also recently launched its Family Office Suite, a digital estate planning tool designed for high-net-worth and ultra-high-net-worth clients.
Funding for the estate planning software comes as a global wealth transfer of more than $80 trillion is expected to occur over the next 25 years.
“Half of all personal wealth in the U.S. will change hands over the next two decades,” said Elena Sakach, a partner at Google Ventures. “As we navigate the largest wealth transfer in history, the need and opportunity for estate planning solutions has arguably never been greater.
“Clients naturally turn to their trusted advisers for guidance in this important pursuit, and Wealth.com’s unique approach will make it easier for advisers to deliver on their clients’ holistic planning needs.”