Cache Raises $12.5 Million to Redefine Wealth Management

A New Chapter for Wealth Platform Cache

Wealth platform Cache has raised $12.5 million in Series A funding to transform how investors manage concentrated equity positions today.

The funding round was led by First Round Capital partner Bill Trenchard, alongside investors from technology and financial markets worldwide.

This milestone reflects the growing interest in solutions that simplify tax-efficient diversification for investors facing challenges with single-stock concentrations.

Tackling the Challenge of Concentrated Stock

Cache was founded to address limited diversification options for individuals holding oversized stock positions from companies or long-term investments.

The wealth platform introduces a modern take on exchange funds, allowing investors to swap single stocks for diversified baskets without triggering taxes.

Therefore, Cache delivers a simple, effective solution for founders, employees, executives, and families facing significant tax burdens on concentrated stock.

Funding Will Accelerate Growth and Innovation

With new funding, Cache aims to enhance its platform capabilities, expand its benchmarked exchange fund range, and scale its product innovation globally.

The company also plans to grow its team, strengthen investor-focused solutions, and establish itself as a trusted wealth platform leader.

As a result, investors can expect broader access to funds benchmarked against indices like S&P 500 and Nasdaq-100.

Rapid Traction Since Market Entry

Cache launched in March 2024 and has already surpassed $625 million in total assets managed within its wealth platform.

Its client base now includes startup employees, public company executives, family offices, and more than 400 registered wealth management firms.

Furthermore, the company recently introduced new exchange funds benchmarked against the S&P 500 and S&P 500 Growth indices, expanding investor choice.

Investor Confidence in the Mission

Bill Trenchard of First Round Capital said Cache presents a rare alignment of timing, market opportunity, and execution within wealth management.

He emphasized the wealth platform’s clear mission of solving real investor problems, executed with urgency and strong strategic direction.

Similarly, Wesley Gray, Alpha Architect CEO, said Cache provides sophisticated strategies once limited to institutions, now accessible to broader investor groups.

Leadership with Industry Expertise

Cache’s leadership team features seasoned professionals with deep knowledge of financial services and product design for wealth platform innovation.

Aaron White, former growth officer at Adero Partners, now leads investor solutions, while Paul Smith, ex-Uber design lead, drives product design.

Advisors include Tim Kochis, a pioneer in the Registered Investment Advisor movement, and Peter Crawford, current Schwab CFO.

Founder’s Personal Connection to the Problem

Founder and CEO Srikanth Narayan started Cache after personally struggling with the burden of managing concentrated equity and related tax exposure.

He explained how a portfolio heavy in tech stocks carried growth potential but came with large tax risks if diversification was attempted.

Consequently, his personal challenge revealed a widespread need for solutions, inspiring the creation of a wealth platform focused on exchange funds.

Secure and Regulated Operations

Cache operates as an SEC-registered broker-dealer and investment adviser, ensuring compliance, transparency, and reliability within its wealth platform operations.

Assets are custodied with trusted institutional partners like BNY Mellon, with SIPC protection up to $500,000 plus additional private coverage.

Therefore, investors benefit from institutional-grade protection alongside cutting-edge portfolio diversification opportunities.

A Transformative Moment for Wealth Management

Cache’s $12.5 million raise highlights how innovation within a wealth platform can redefine portfolio strategies for diverse groups of investors worldwide.

By combining tax efficiency, accessibility, and industry expertise, the company is building solutions that address long-standing gaps in wealth management.

As momentum builds, Cache appears well-positioned to become a leading player within the growing landscape of investor-focused wealth platforms.

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