On April 22, 2025, Altruist, the modern custodian for RIAs, announced $152 million in Series F funding led by GIC, a global institutional investor. Salesforce Ventures, Geodesic Capital, Baillie Gifford, Carson Family Office, ICONIQ Growth, and a select group of additional partners also participated. The round values the company at approximately $1.9 billion. Wilson Sonsini Goodrich & Rosati advised Altruist on the transaction.
The Series F funding follows a landmark year. In 2024, Altruist launched a suite of new products, including a high-yield cash account, automated and scalable tax management tools, and a fully digital native fixed-income trading experience. The company achieved triple-digit growth in key metrics such as revenue, brokerage accounts, and advisors served.
The Wilson Sonsini team that advised Altruist on the transaction included:
Corporate
Mark Baudler
Melissa Rick
Peter Bratton
TJ Tingjie Li
Mounika Yepuri
Henry Yen
Annie Giomi
Technology Transactions
Christopher Paniewski
Mary O’Brien
National Security
Stephen Heifetz
Bryan Poellot
For more information, please refer to Altruist’s news release and founder and CEO Jason Wenk’s blog post.
