PROOF IV invested in Range’s $60M Series C round, led by Scale Venture Partners.
Range is a SAAS based, AI-powered wealth management platform that integrates taxes, planning, and investing for high-income, financially complex households. We’ve been tracking Range over the past year, and voted to invest in their most recent round.
The wealth management landscape is undergoing a structural shift: traditional RIAs and bank advisory groups dominate the high-AUM segment with 1% fee models, while robo-advisors and brokerages target the mass market with limited tax or planning depth. Between these poles sits a large, underserved population of high-income, financially complex households who need coordinated planning, tax optimization, and ongoing advice, without the punitive economics or legacy overhead of traditional firms.
Range addresses this gap with a SAAS based pricing model, AI-driven platform that integrates tax, financial planning, estate, and investment strategy in one system. Instead of charging based on assets, Range offers a transparent annual membership, a wedge that resonates strongly with customers frustrated by 1% AUM pricing. Its AI-native architecture meaningfully increases advisor leverage and lowers marginal delivery cost, enabling a level of service traditional firms cannot scale.
This differentiated, automation-augmented model is translating into top-quartile financial performance for a consumer company.
What we like about Range:
