Zocks, a San Francisco-based startup, has successfully raised $45 million in a Series B funding round led by Lightspeed Venture Partners and QED Investors. This financing round, which included participation from all prior investors such as Motive Ventures and 14Peaks Capital, comes less than a year after Zocks’ $13.8 million Series A raise. Founded in 2022 by Mark Gilbert, a former Microsoft and Twilio executive, and Akos Ratku, Zocks utilizes AI to help financial advisers streamline their workflows by organizing meeting notes and extracting valuable client insights while maintaining strict security and privacy standards. The company’s software, deployed in over 5,000 financial firms including Ameritas Life Insurance and Cambridge Investment Research, supports advisers by automating tasks from follow-ups to compliance-driven responses. Reporting an 8-fold revenue growth year-over-year, Zocks aims to address the adviser shortage and improve financial planning by proactively suggesting personalized actions based on comprehensive client data integration. Looking ahead, the startup plans to expand beyond the U.S. and Canada into European markets.
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