Alix Raises $20M Series A to Advance AI-Driven Estate Settlement
July 21, 2025, 8:57 pm IDT
Alix, a wealth transfer platform focused on automating estate settlement, has secured $20 million in Series A funding. The round was led by Acrew Capital, Charles Schwab, and Edward Jones Ventures. Existing investors including Initialized Capital, Scribble, Magnify, Ziegler Link•age Funds, and Cameron Ventures also participated, making this an oversubscribed funding round.
This capital injection will support Alix’s AI strategy and accelerate growth initiatives. The company plans to scale its product, onboard executors more quickly, and improve the overall customer experience. Additionally, Alix will develop new integrations to link estate settlement with the broader financial value chain.
Scaling AI and Product Development
Alix intends to expand its team with a focus on AI-driven product and engineering roles. Sales teams will also grow to support market expansion. To tap into the Bay Area’s AI talent pool, the company is opening a new office in San Francisco. This move aims to fuel innovation and speed up product development.
The platform’s AI-powered system streamlines asset distribution and removes delays common in traditional estate settlement. By automating manual steps, Alix frees up value that was previously locked in slow, outdated processes. With this latest round, Alix’s total funding has reached $30.65 million.
A New Approach to Estate Settlement
Alix stands out as the first automated wealth transfer solution that combines AI with human expertise to simplify estate settlement. Unlike traditional estate planning firms and legacy wealth management platforms, Alix guides executors through the entire process. This can significantly reduce the typical 12-18 month timeframe that managing an estate usually takes.
The platform is built to support the next generation’s wealth management needs, addressing challenges posed by the ongoing Great Wealth Transfer. It offers a more straightforward alternative to complex digital probate services, making estate settlement more efficient.
Leadership Updates
- Lauren Kolodny from Acrew Capital has joined Alix’s board.
- Andrew Sather from Initialized Capital has also been appointed to the board.
Product developers and AI specialists interested in how artificial intelligence is reshaping financial services may find Alix’s approach worth following. For those looking to enhance AI skills relevant to fintech and product innovation, Complete AI Training offers comprehensive courses tailored for product development professionals.
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