Wealthtech Platform OneAdvisory Raises $8M in Seed Funding

OneAdvisory, a data management startup for registered investment advisors, has raised $8 million in seed funding, bringing its total funding to $10.6 million, led by global venture capital firm F-Prime Capital.

Existing investors Fika Ventures, Great Oaks and Twelve Below, along with new investors CoFound Partners, The Compound Capital Fund I, LP, a VC fund established through Ritholtz Wealth Management, Flyover Capital, the VC fund arm of Mariner Wealth Advisors, and Valor Equity Partners also participated in the round.

OneAdvisory also announced it has rebranded as Dispatch, in a move that co-founders Madalyn Armijo, Rafi Lurie and Rob Nance said better aligns with the company’s expertise.

Dispatch operates silently behind the various software products that firms use. It acts as a coordinator, “dispatching” data across systems in real time, the firm said, which means firms can instantly onboard clients to their entire tech stack.

“We built Dispatch to enable advisors to spend more time with their clients and less time on duplicative data management. As an advisor, I was frustrated by the time spent maintaining data across multiple applications. Advisors can use Dispatch to build a custom tech stack with seamless data cohesiveness. said Nance, Dispatch’s CEO

The Miami-based company plans to use the funds to invest in engineering and client service resources.