Shelton-based financial planning software startup RightCapital, which specializes in technology aimed at helping advisors create customized financial plans, said it has raised $3.7 million from investors.
New Jersey-based Camellia Venture Capital led the funding round, which closed in December, RightCapital said. The latest investment follows two earlier seed-funding rounds totaling $2.7 million, according to the company.
Launched in 2015, RightCapital says its goal is to simplify the financial-planning experience.
“From the outset, our solution really resonated with advisors and we are gratified to have grown quickly and successfully,” CEO Shuang Chen said in a statement. “This funding round will enable us to continue on that path.”
RightCapital also announced the hiring of Pietro La Greca as the company’s vice president of enterprise sales. He previously worked for financial planning software firm Advicent Solutions.
Contact Natalie Missakian at news@newhavenbiz.com
