Dispatch, a wealthtech provider specializing in client data management, announced the completion of an $18 million Series A funding round, bringing its total capital raised to $30 million to accelerate investment in agentic workflows and AI-driven data orchestration.
The funding round was led by Brewer Lane Ventures, with participation from New York Life Ventures, MassMutual Ventures, Perceptive Ventures, and existing investors F-Prime, Flyover Capital, and Fika Ventures. This capital infusion is earmarked to enhance Dispatch’s intelligent automation capabilities, which are designed to eliminate repetitive data tasks, streamline client onboarding, and dynamically reconcile client information across various systems for wealth management firms.
Dispatch’s platform is built to orchestrate clean, connected, and real-time data, enabling advisors to leverage AI tools for accurate insights and the automation of complex processes. Rob Nance, CEO and co-founder of Dispatch, stated, “Disconnected and inconsistent data is a prevalent issue in wealth management, creating inefficiencies for firms and frustrating clients. We built Dispatch to address that head-on, giving advisors and enterprises a seamless way to keep information accurate and connected across their tech stacks.”
Chris Downer, general partner at Brewer Lane Ventures, commented on the investment, saying, “Dispatch is creating critical infrastructure that the wealth management industry has been missing. Their approach to data orchestration redefines how firms and fintechs can serve clients, while giving advisors the tools to operate with speed, accuracy and efficiency.”
In the past year, Dispatch has seen significant adoption, integrating with firms such as Mariner, Sanctuary Wealth, and Choreo, which collectively represent over $1 trillion in assets under advisement (AUA). The company reports that its automation of data orchestration has helped these firms save thousands of hours in manual workflows and reduced costly errors by over 90%.
Marty Bicknell, CEO of Mariner, highlighted the platform’s impact, noting, “In recent years, one of the biggest challenges in wealth management has been getting various systems to talk to each other. Dispatch is solving that problem in a way that’s scalable and built with a deep understanding of how advisory firms actually work.”
The new funding follows Dispatch’s product expansion, which now includes a broad range of bi-directional integrations. The platform syncs thousands of data points across frequently used advisor tools in areas such as CRM, financial planning, billing and reporting, document storage, and e-signature. Its proprietary Form Builder can complete every field on custodial forms, and Dispatch offers both form-based and API integrations with all major custodians.
