# Harvest Savings & Wealth Technologies

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/harvest-savings-wealth-technologies

- Industry: Software
- Headquarters: Larkspur, US
- Website: www.trizic.com
- Total disclosed funding: $13M
- Latest round: Series A (Feb 21, 2018)
- Investors on record: 7

## About

Harvest Savings & Wealth Technologies Inc. delivers innovative financial technology solutions to empower wealth management firms, enhancing their operational efficiencies through automated investment platforms and financial planning tools.Founded in 2014 in Larkspur, US, Harvest Savings & Wealth Technologies Inc. specializes in financial technology solutions. The company has raised a total of USD 7.96 mn across multiple funding rounds, with its latest round being VENTURE DEBT amounting to USD 0.64 mn on April 8, 2021. Drew Sievers serves as CEO of the company, which has completed 13 deals to date.Harvest provides a digital investment platform that includes automated portfolio management, client onboarding, and financial planning tools. The platform is designed to improve the investment process for financial advisors, enabling personalized strategies for various client types, including individual and institutional investors. The solutions primarily cater to clients in North America and selected European regions, where demand for advanced investment technology is significant.Harvest generates revenue through a subscription-based model, allowing wealth management firms to access its financial technology services. This model includes tiered pricing plans based on selected features, offering flexibility for firms of various sizes. Revenue is mainly sourced from business-to-business transactions, where wealth management firms utilize the platform to serve their clients effectively, enhancing client retention and satisfaction.In April 2021, Envestnet, Inc. announced its agreement to acquire Harvest Savings & Wealth Technologies Inc. from several investors, although financial terms were not disclosed. The acquisition aims to expand Envestnet's capabilities in the financial technology sector. Future growth plans may involve the development of new products and enhancements to current offerings to meet evolving market demands.

## Funding rounds

- Series A, Feb 21, 2018, $8.1M — Sorenson Capital, FIS, Freestyle VC, PEAK6 Investments, Broadhaven Capital Partners, Commerce Ventures
- Seed, Feb 9, 2017, $2.1M — Freestyle VC, Broadhaven Capital Partners, Commerce Ventures
- Seed, May 6, 2015, $2M — Operative Capital
- Seed, Mar 30, 2015, $1M — Operative Capital

## Investors

- Operative Capital (https://capitalatlas.ai/funds/operative-capital) — Seed
- Freestyle VC (https://capitalatlas.ai/funds/freestyle-vc) — Seed, Series A
- Broadhaven Capital Partners (https://capitalatlas.ai/funds/broadhaven-capital-partners) — Seed, Series A
- Commerce Ventures (https://capitalatlas.ai/funds/commerce-ventures) — Seed, Series A
- Sorenson Capital (https://capitalatlas.ai/funds/sorenson-capital) — Series A
- FIS (https://capitalatlas.ai/funds/fis) — Series A
- PEAK6 Investments (https://capitalatlas.ai/funds/peak6-investments) — Series A