Mili secures $2 million in funding led by Chiratae Ventures, BoldCap
wealth management firms, has raised $2 million in a funding round led by early-stage venture capital firms Chiratae Ventures and BoldCap.
The round also saw participation from investors such as Sparrow Capital, SFMG Wealth Advisors and Better Capital.
The funds will be used to enhance and accelerate the product by expanding customisation capabilities, enhancing integrations, scaling partnerships and hiring talent.
“The firms we are catering to are working with high net worth and ultra high net worth clients in just helping them in their financial planning and that journey. But the unfortunate reality is that these advisors are spending over half of their time on admin and back office, taking meeting notes, updating their systems of record, and sending follow ups,” cofounder and chief executive Chirag Gandhi told ET. Mili aims to assist these advisors in their tasks, he said.
Founded in 2024, the artificial intelligence (AI) assistant for wealth advisors, offers advanced meeting documentation software that helps wealth management firms streamline their workflows while ensuring compliance standards and customisation. It currently serves clients in the US.
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