Summit Wealth Systems, Inc.
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Summit Wealth Systems, Inc. - overview
Established
2019
Location
San Francisco, CA, US
Primary Industry
Software
About
Founded in 2019 and based in California, US, Summit Wealth Systems, Inc. operates as a software development company. The company was founded by its CEO, Reed Colley, and COO, Anthony Sperling. In March 2022, Summit Wealth Systems, Inc.
raised USD 20 million in series A funding co-led by new investors Arena Holdings and Filbert Holdings, with participation from returning investor Jackson Square Ventures. As of 2022, the company employs 18 employees and has launched a new platform for advisors called WealthOS. Summit Wealth develops and supplies wealth managers and its clients with a wealth management operating system for performance reporting and portfolio management as well as provides them with various financial tools to integrate into their version of the operating system. WealthOS, the company's platform, allows registered investment advisors (RIA) to create their own personalized, modern, mobile, and desktop applications by building their own private tech stack.
The company generates revenue by charging its clients a set platform price for WealthOS plus tiered basis points based on the size of the RIA. The company plans to use the March 2022 financing to further grow its team by hiring product developers, engineers, and human resources.
Current Investors
Jackson Square Ventures, Arena Holdings, Filbert Holdings
Primary Industry
Software
Sub Industries
IT Infrastructure, Accounting/Finance Software, Content Management Software
Website
www.summitwealth.io
Verticals
Cloud Computing, FinTech, Mobile Apps
Company Stage
Series A
Total Amount Raised
Subscriber access only
Summit Wealth Systems, Inc. - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on, Trade Sale | Completed | Summit Wealth Systems, Inc. | - |
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