Exclusive: Wealthtech firm Neo to raise $19 Mn at 2.7X valuation surge

Wealthtech firm Neo is in the final stages of raising a $19 million funding round, which would value the company at around $686 million, a 2.7x increase from its previous valuation. The round is being led by VT Capital with participation from other investors. This significant capital infusion will be used to scale up its operations and invest in new technologies, positioning the company as a key player in the wealth management sector. The funding success highlights strong investor confidence in the company's business model and its potential for future growth.