Alix raises $20M to transform estate settlement with AI-powered wealth transfer platform

Estate settlement fintech Alix has secured $20 million in Series A funding led by Acrew Capital, with participation from Initialized Capital, Magnify Ventures, Edward Jones, Charles Schwab, and other investors, bringing total funding to over $30 million as the company scales its AI-powered platform that automates the traditionally complex estate settlement process.

Alix addresses the $84 trillion wealth transfer challenge where traditional estate settlement takes 12-18 months and hundreds of hours of bureaucratic work for grieving families. The platform combines advanced AI automation with expert human support to guide executors and heirs through document handling, asset distribution, and legal procedures with unprecedented speed and clarity.

Central to Alix's businessmodel is their empathic AI system that identifies, verifies, and distributes assets quickly and accurately while eliminating the usual delays and paperwork hassles. The platform automates complex asset transfers per legal wills and trusts, provides digital document management, and helps users navigate legal requirements seamlessly.

With the Great Wealth Transfer accelerating as baby boomers pass assets to younger generations, Alix's focus on the post-death "settlement" phase rather than pre-death planning addresses a critical gap in the financial services ecosystem. The funding will support AI platform development, team expansion, and partnership growth to increase adoption nationwide.

Founder: Hugh Tamassia

Sources: Business Wire, Forbes, Investment News, Pulse 2.0