Starburst Labs raises $6.25M in Series A round

Starburst Labs, maker of Wealthbox, a CRM targeted at financial advisors, has closed a Series A round of funding totaling $6,250,000. The investment was led by Bel45 Capital Partners which invested $5,000,000, with the remaining capital coming from investors from previous seed rounds. The new financing brings Starburst Labs’ total capital raised to $10,250,000. The latest financing will allow the company, with locations in New York City and Providence, to accelerate the growth of Wealthbox CRM and hire more staff to further develop its suite of online products in the wealth-tech sector that include InvestorSay, PaperTrade.io, and Wealthbase. The New York City headquartered company, which was previously known as Gotham Tech Labs, develops web-and-mobile apps for an ecosystem of individual investors, financial advisors, broker-dealers, and financial media brands.