Centricity wealthtech raises $4 Mn

B2B2C wealthtech platform Centricity wealthtech has raised $4 million in its pre-seed round led by Burman family office, Shantanu Agarwal, and Arun Jain, founder at Polaris Software Labs.

Other angel investors in this round includes Devesh Sachdev (Fusion Microfinance), Rajesh Razdan (Devtron Labs), Ankush Nijhawan (TBO), Purrshottam Bhaggeria (Filatex group), Abhay Agarwal (Burman family office) and Pravin Jain/Navin Jain (Supercircle family office).

The startup plans to use the funds to strengthen its teams across technology, investment product and sales functions as well as increasing brand awareness. 

Founded in early 2022 by Manu Awasthy, Centricity offers plug and play solutions for employee to entrepreneur (E2E) transitions. The platform delivers a comprehensive SaaS-based investment management platform including digital transactional capabilities for a diversified product suite.

It aims to onboard 1,000-1,500 IFAs in the next 24 months with a combined transaction value of at least $1 billion. According to the company, it has raised the new round at a valuation of $20 million.