InvestCloud

In 2010, John Wise and Michael A. Smith founded InvestCloud with a vision to revolutionize the financial technology landscape. The company, based in West Hollywood, California, set out to provide cloud-based solutions for investment management, offering a suite of tools designed to enhance the efficiency and effectiveness of financial advisors and institutions.

InvestCloud's journey is marked by significant milestones, including a major funding round in February 2021 that elevated the company to unicorn status with a valuation of $1 billion. This funding round not only rewarded early investors but also provided the capital needed to expand their global reach and enhance their technological offerings.

In addition to organic growth, InvestCloud pursued strategic acquisitions to bolster its capabilities. Notably, in May 2021, the company acquired Advicent Solutions, a move that expanded its suite of financial planning tools and solidified its position as a leader in the wealthtech sector.

As of 2023, InvestCloud manages an impressive $6.5 trillion in assets under administration, showcasing its significant impact on the financial services industry. The company continues to innovate and adapt, eyeing a potential IPO that could value it at up to $10 billion, reflecting its ambition to further cement its status as a powerhouse in financial technology.

InvestCloud's story is one of strategic vision and execution, driven by the leadership of its founders and a commitment to transforming the way financial services are delivered in the digital age.