Zocks Raises $13.8M for AI Platform for FAs

Zocks, a San Francisco-based AI platform tailored for financial advisors, has raised $13.8 million in a Series A funding round led by Motive Ventures and supported by Lightspeed Venture Partners, Expanse Venture Partners, Entrée Capital, and 14Peaks. The funding follows a $5.5 million seed round led by Lightspeed in early 2024.

The fresh infusion aims to fuel Zocks’ mission to enhance financial advisory services through AI-driven client intelligence while prioritizing data privacy. With the new funds, Zocks plans to enhance its AI capabilities, automate more tasks like email correspondence and form processing, and introduce advanced analytics for client insights. They also intend to explore expansion into the European market.

The $13.8 million Series A round builds on Zocks’ early success, including onboarding over 1,000 advisory firms and securing partnerships with major fintech players. Notable enterprise clients include Carson Group, Osaic, RFG Advisory, and Cambridge Financial Group.

Zocks CEO and co-founder Mark Gilbert said, “The future of wealth management belongs to advisors who can harness unstructured client data and turn it into real-time intelligence.”

“This investment allows us to accelerate AI-driven innovation, expand our team, and deepen our integrations, ensuring that Zocks remains as the industry’s most advanced solution for client intelligence and workflow automation.”