Goldman Sachs, Citi, and other VCs Support Funding for Start-up Conquest  

Artificial Intelligence financial planning software provider Conquest Planning has raised a total of $100 million after its latest funding round. Winnipeg-based Conquest, launched in 2018, raised $80 million in a new Series B round of funding, which was led by Goldman Sachs Alternatives’ growth equity division and included new investors Canapi Ventures, Citi Ventures, TIAA Ventures, BDC Capital, and USAA.  

Existing investors BNY and venture capital firm Portage also supported the funding, and Jade Mandel, managing director at Growth Equity at Goldman Sachs Alternatives, will join the company’s board. 

“The era of inefficient and inaccurate trial-and-error-based financial planning is over,” Mark Evans, CEO of Conquest Planning, said. “As investors are demanding greater personalization in all aspects of their financial lives, we’ve unlocked the power of automation and real-time intelligence to bring the advice industry into the modern age. Conquest makes it possible for investors at any stage of life to get the financial advice they deserve.” 

The startup says it plans to use the capital to go further with its expansion in the U.S. and continue the evolution of its AI-based platform, Strategic Advice Manager. The platform provides tailored advice in an effort to assist advisors and their clients with their planning. 

Conquest has declined to comment on the valuation following the latest round of funding. 

Conquest’s platform has been used by over 1,000 financial services organizations, including BNY Pershing, Raymond James, RBC, and Manulife.

Pictured: Mark Evans