Series E · Fintech
Ridgeline raises $250m Series E for AI and services expansion
Founder and chairman Dave Duffield led the round, with Smead Capital, Patrick O’Shaughnessy and Motley Fool Ventures.
Ridgeline plans to extend AI capabilities, broaden managed services, establish customers in Canada and Europe and drive product innovation.
Its software supports asset managers, wealth managers and multi-family offices overseeing more than $750bn in committed assets under management or advisement.
Coverage reports a $1.45bn valuation for the Series E, separate from the amount of new financing.
Use of funds
Extend AI capabilities
Broaden managed services
Establish customer base in Canada and Europe
Drive product innovation
Funding history
Series E · This round$250M