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WealthNavi secured $37.6 Million in Series D Round

Japan’s Robo-advisor WealthNavi bagged $37.6 Million fund in Series D Funding Round led by existing investors Sony Financial Ventures and Global Brain.

WealthNavi Inc. is a Japan-based platform that offers asset managers which uses risk management algorithm for asset management advice. It supports customer asset formation through the long-term, funding, and decentralization of asset management.

WealthNavi also offers seminars free of charge at any time so that customers can fully understand the process.

The company bagged $37.6 million in its recently held Series D Funding round. The said round was led by its existing investors Sony Financial Ventures and Global Brain. Opt Ventures, SMBC Venture Capital, DBJ Capital, and Resona Capital also participated in the round.

Founded in 2015 by Kazuhisa Shibayama, WealthNavi has already acquired total funding of US$135.8 million. According to the company, they have opened 24,000 accounts with 180-billion-yen (US$1.65 billion) asset.

The company plans to further develop its platform, build up its management team, and invest in marketing.

WealthNavi competes with Singapore’s DBS Bank which recently announced the development of its own hybrid human-Robo investment service and Singapore’s StashAway who also raised $12 million in its Series B Funding Round.

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