Wealthfront, the investment advisory service geared toward millennials, has raised a new $64 million investment led by Spark Capital. The company, which has more than $1.5 billion in customer assets under management, is now valued at $700 million, according to a source. “We believe there is a once-in-a-generation opportunity to build a company from the ground up to focus on the millennial investor,” Wealthfront said in a blog post.
This article originally appeared on Recode.net.
