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The US WealthTech sector experienced significant growth in the fourth quarter of 2025, with overall deal activity climbing by an impressive 27% year-over-year. Amidst this robust expansion, Nevada distinguished itself by becoming one of the nation’s top WealthTech hubs, capturing a substantial 13% of all deals across the country.
A key highlight of the quarter was the substantial Series C funding round completed by Range, an innovative AI-powered wealth management platform. This platform, which specializes in delivering automated, institutional-grade financial planning to American consumers, successfully raised $60 million, marking one of the largest US WealthTech deals of the period.
US WealthTech Investment Strengthens with Notable Deal Growth
The US WealthTech market demonstrated a clear strengthening of activity between late 2024 and late 2025. While funding volumes showed mixed momentum, deal activity surged considerably.
In Q4 2025, WealthTech companies collectively secured $936.4 million in funding, representing a modest 2% increase from the $921.2 million raised in Q4 2024. However, transaction volume saw a much more significant boost, escalating to 99 deals. This marks a substantial 27% rise from the 78 deals recorded in the same quarter of the previous year.
Sequentially, funding improved slightly from $887.8 million in Q3 2025, while deal volume experienced a slight dip from 107 deals. Overall, these figures indicate a gradual stabilization in capital deployment, with funding levels maintaining a steady course and transaction activity showing a strong recovery compared to the prior year.
Nevada Rises as a Prominent US WealthTech Center
When examining investment activity at the state level, California maintained its leading position as the premier WealthTech hub in Q4 2025. Companies based in California secured 33 deals, accounting for a 33% market share. This represents an impressive 83% increase from the 18 deals (23% share) completed in Q4 2024, solidifying California’s role as a core center for US WealthTech investment.
Notably, Nevada emerged as the second most active market, recording 13 deals and capturing a 13% share of the national total. This significant entry into the top rankings underscores a growing geographical diversification within the WealthTech investment landscape.
In contrast, New York registered 10 deals, holding a 10% market share, which reflects a 33% decrease from its 15 deals (19% share) in Q4 2024. Illinois, which had previously secured 7 deals (9% share), fell out of the top three rankings for the quarter.
Range Secures $60M in Series C Funding to Advance AI Wealth Management
Range, an AI-powered platform dedicated to providing sophisticated financial planning to US consumers, completed one of the quarter’s most significant deals by raising $60 million in a Series C funding round. The round was spearheaded by Scale Venture Partners, with additional participation from Gradient Ventures, Cathay Innovation, and 53 Stations. This latest funding brings Range’s total capital raised to over $100 million.
The newly acquired capital is earmarked to accelerate hiring across critical functions, including AI development, product innovation, and go-to-market strategies. It will also facilitate the expansion of enterprise partnerships and further enhance its AI wealth assistant, Rai, by integrating predictive planning and proactive tax optimization capabilities.
Operating within a US wealth management industry that oversees more than $90 trillion in assets, Range is strategically targeting the vast underserved segment of the market. Historically, only 1% of Americans have engaged with a financial advisor. Range aims to bridge this gap through its accessible, lower-cost, AI-driven planning solutions.
The company currently boasts impressive metrics, managing $400 million in Assets Under Management (AUM) and $9.5 billion in Assets Under Advisement (AUA) for over 5,000 high-net-worth clients across all 50 states. Range has also achieved a remarkable 300% year-over-year revenue growth.
Its AI assistant, Rai, is already handling thousands of financial queries each month, effectively reducing messaging to human advisors by 50%. Looking ahead, Range plans to develop additional AI agents focused on compliance, tax optimization, and investment guidance, while also preparing for expansion into broker-dealer services and scaling its West Coast operations.
Source: Fintech.global