About the Investment

Camellia Venture Capital is a New Jersey based venture capital firm that focuses on early-stage, high-growth fintech firms. This Series A round follows RightCapital's successful seed funding rounds totaling $2.7 million during the two years following its launch in September 2015.

"From the outset, our solution really resonated with advisors and we are gratified to have grown quickly and successfully," said Shuang Chen, co-founder and CEO of RightCapital. "It confirms that we are able to deliver a top-rated product, continually provide valuable enhancements and consistently anticipate the evolving needs of advisors and enterprises."

Strategic Use of Funding

The Series A funding will enable RightCapital to continue its rapid growth trajectory and fuel further innovation in financial planning technology. The company increased its staff by almost threefold in 2018 and continues to add new features and integrations to serve its expanding client base.

Proven Market Success

RightCapital has demonstrated remarkable growth since its founding, earning recognition as the top financial planning software by advisors in the T3 Tech Hub/Inside Information 2017 software survey. The company has successfully secured partnerships with major industry players and continues to expand its market presence.

About RightCapital

Founded in 2015, RightCapital was created with the goal of developing next generation financial planning software that advisors can use to simplify the financial planning experience for their clients. The platform combines three main goals: an elegant, modern look and feel; interactive, easy to use tools that can be shared by advisors and clients; and a rigorous and robust calculation engine that generates accurate results quickly.

After 15 years working with financial advisors, RightCapital co-founders Shuang Chen, CFA® and Song Chen recognized how complex many of the industry's leading financial planning software systems have become over time. The platform addresses these challenges by focusing on simplicity, accuracy, and user experience while maintaining the sophisticated capabilities that advisors require.

"This funding round will enable us to continue on our path of delivering innovative solutions and consistently anticipating the evolving needs of advisors and enterprises in the rapidly changing financial services landscape."

— Shuang Chen, Co-founder and CEO, RightCapital

Market Leadership and Future Vision

The financial planning software market continues to evolve as advisors seek more sophisticated yet user-friendly tools to serve their clients effectively. RightCapital's approach of combining modern design with powerful analytical capabilities and enterprise-grade functionality positions the company as a leader in this growing market segment.

Advisors interested in learning more about the RightCapital platform can visit www.rightcapital.com or call (888) 982-9596 for a demonstration.