When was Powder founded?

Powder was founded in 2023 and raised its 1st funding round within a year of its incorporation.

Where is Powder located?

Powder is headquartered in Los Altos, United States.

Who is the current CEO of Powder?

Kanishk Parashar of Powder. They have also founded 1 company.

How many employees does Powder have?

As of Jul 31, 2026, the latest employee count at Powder is 23.

Is Powder a funded company?

Powder is a funded company, having raised a total of $5.5M across 4 funding rounds to date. The company's 1st funding round was a $***** Seed round, raised on Nov 14, 2023.

How much is Powder worth?

The latest valuation of Powder is $***** as of Jan 01, 2024.

When was the latest funding round of Powder?

Powder's latest funding was a $***** Seed round on 2024, with participation from 1 investor.

Where does Powder rank among its competitors?

Powder ranks 9th amongst 197 active competitors, of which 38 are funded. It stands 10th in terms of total funding among its competitors. The most recent competitor to raise funding was BrightPlan, which secured an undisclosed amount in Sep, 2026.

Who are the top competitors of Powder?

Powder's top competitors include Betterment, Wealthfront and Stash. Among them, BrightPlan secured the most recent funding round in September, 2026.

Powder - 2026 Company Profile, Team, Funding & Competitors

Powder is a seed company based in Los Altos (United States), founded in 2023 by Soo-Yung Cho, Jeffrey Magder, Dominic Tully, David Goerz and Kanishk Parashar. It operates as a Provider of generative AI co-pilot for wealth advisors. Powder has raised $5.5M in funding from investors like Y Combinator, General Catalyst and FundersClub, with a current valuation of $*****. The company has 197 active competitors, including 38 funded and 10 that have exited. Its top competitors include companies like Betterment, Wealthfront and Stash.

Company Details

Provider of generative AI co-pilot for wealth advisors. Automatically parse financial documents, analyze investment allocations, and build proposals at scale in order to win clients faster and more efficiently. Solutions include statement parsing, direct data feeds, security classification, target allocation, drivers of risk, and tax efficient implementations.

Website: www.powderfi.com/
Social

Key Metrics

Founded Year

2023

Location

Los Altos, United States

Stage

Seed

Total Funding

$5.5M in 4 rounds

Latest Funding Round

Seed, 2024, $*****

Post Money Valuation

$***** as on Jan 01, 2024

Investors

Y Combinator & 11 more

Ranked

9^th among 197 active competitors

Employee Count

23 as on Jul 31, 2026

Similar Companies

Cleo & 2732 more

View Powder's full profile

Powder is associated with 1 legal entity given below:

Legal Entity Name	Date of Incorporation	Revenue	Latest Employee Count	Documents
POWDER FINANCE, INC CIN: 7555110 , United States, Active	Jul 07, 2023	-	-	-

Powder has raised a total funding of $5.5M over 4 rounds. Its first funding round was on Nov 14, 2023. Its latest funding round was a Seed round on 2024 for $*****. 1 investor participated in its latest round. Powder has 8 institutional investors and 4 angel investors.

Here is the list of recent funding rounds of Powder:

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Date of Funding	Funding Amount	Round Name	Post-Money Valuation	Revenue Multiple	Lead Investors	Other Investors
2024	9067	Seed	7502	4162	2350	8169
Jul 23, 2024	4867964	Seed	8861372	9820519	5508219	Jon Xu & 3 more
2024	9881	Seed	5990	5497	Y Combinator	3317

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View details of Powder's funding rounds and investors

The founders of Powder are Soo-Yung Cho, Jeffrey Magder, Dominic Tully, David Goerz and Kanishk Parashar. Kanishk Parashar is the CEO of Powder.

Here are the details of Powder's key team members:

Soo-Yung Cho: Co-Founder/CTO of Powder.
Jeffrey Magder: Former Co-Founder of Powder.
Contact Info: 1 email address
Dominic Tully: Co-Founder & CRO of Powder.
David Goerz: co-Founder & Chief Investment Officer of Powder.
Kanishk Parashar: Co-Founder & CEO of Powder.

View details of Powder's Founder profiles and Board Members

Powder's employee count trend

Powder has 23 employees as of Jul 26. Here is Powder's employee count trend over the years:

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Top competitors of Powder include Betterment, Wealthfront and Stash. Here is the list of Top 10 competitors of Powder, ranked by Tracxn score:

Rank	Company Details	Short Description	Total Funding	Investors	Tracxn Score
1st	Betterment 2010, New York City (United States), Series F	App-based automated investment and retirement planning platform	$335M	Kinnevik, Francisco Partners & 42 others	75/100
2nd	Wealthfront 2008, Palo Alto (United States), Public	Robo advisor and financial planning platform	$205M	Index Ventures, Spark Capital & 32 others	75/100
3rd	Stash 2015, New York City (United States), Acquired	Automated investment and robo-advisory platform	$747M	Goodwater Capital, Union Square Ventures ... & 22 others	74/100
4th	M1 Finance 2015, Chicago (United States), Series E	Provider of an investment and lending platform for securities	$333M	Left Lane Capital, SoftBank Vision Fund & 9 others	72/100
5th	Pogo 2020, New York City (United States), Series A	App-based platform offering rewards for multi-category products	$32M	Buckley Ventures, Flucas Ventures & 49 others	67/100
6th	Ellevest 2014, New York City (United States), Acqui-Hired	App-based automated investment platform for women	$155M	Morningstar, Rethink Impact & 48 others	67/100
7th	BrightPlan 2016, San Jose (United States), Series C	Goal-based robo advisoy platform	$48.1M	ABS Capital, The Cynosure Group & 2 others	64/100
8th	Unifimoney Tech 2019, Austin (United States), Seed	App-based Robo-advisory platform for individuals	$10M	Hard Yaka, Altair Capital & 6 others	60/100
9th	Powder 2023, Los Altos (United States), Seed	Provider of generative AI co-pilot for wealth advisors	$5.5M	Elefund, FundersClub & 10 others	59/100
10th	VRGL 2021, Dallas (United States), Series A	Provider of a platform for wealth management firms to grow	$25.3M	MissionOG, FINTOP & 9 others	56/100