Official press release from Centricity or major financial news outlets

Centricity Raises $20 Million in Seed Funding Led by Lightspeed at $125 Million Valuation

Sep 12, 2024, 05:34 AM

Wealth management platform Centricity, a digital service for financial advisers and asset managers, has successfully raised $20 million in a seed funding round led by Lightspeed India Partners. The company, which aims to democratize access to financial products, is now valued at $125 million. Other participants in the funding round include Paramark VC and existing investors such as Burman Family Office. According to cofounder and CEO Manu Awasthy, the funds will be used to scale overall operations and build a pioneering wealth management model targeting the underserved wealth market.