Pave Finance Closes Oversubscribed $15M Series A at $100M Valuation
Pave Finance Closes Oversubscribed $15M Series A at $100M Valuation #
New York-based Pave Finance has raised more than $15 million in a Series A round, exceeding its target in an oversubscribed raise that valued the AI-powered portfolio management company at $100 million pre-money. The four-year-old startup oversees $130 billion in assets across more than 300,000 client accounts on behalf of registered investment advisors and wealth management firms.
The round drew participation from advisory firms, former executive officers and board members of financial services companies, and existing company insiders. Proceeds will go toward expanding Pave’s sales and engineering teams. The Series A follows a $14 million seed round the company closed in 2025.
Pave was founded in 2021 by Pascal Cevaer-Corey, a former McKinsey consultant who set out to make institutional-quality investment management accessible to a broader range of investors, alongside Peter Corey, a former hedge fund manager, and Stephen Evans, a quantitative portfolio manager. CEO Christopher Ainsworth, who previously served as a managing director in Deutsche Bank’s private wealth division, joined in December 2022. The company says its leadership team collectively brings more than 200 years of experience across firms including Goldman Sachs, Morgan Stanley, J.P. Morgan, and Fidelity, as well as technology companies such as Google, Apple, and Amazon.
The platform helps advisors build, personalize, and automate portfolio construction and management. Pave tracks more than 50,000 publicly traded securities globally and lets advisors account for individual client factors such as risk tolerance, existing holdings, sector exclusions, and tax considerations. The company supports both discretionary and non-discretionary portfolio management and generates revenue through licensing, trading, and investment advisory fees.
“As advisory businesses grow, firms must now find efficient ways to manage a larger volume of clients who are simultaneously demanding greater personalization in their portfolios,” CEO Christopher Ainsworth said. The global wealth management market is projected to reach $217 trillion in assets under management by 2031, a figure the company cites in connection with demand for platforms that help advisors manage clients at scale.
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