Sava raises $10M to automate trust administration under human fiduciaries
Nimit Maru says his own estate-planning delays inspired the Nevada-chartered service, backed by Gradient Ventures, Y Combinator and other investors.
By Ryan Merket · Published
Primary source: x.com
Why it matters
Sava is raising money to operate as a regulated trustee, not just sell workflow software to trust firms. Its bet is that AI can reduce administrative cost while human trust officers retain fiduciary responsibility - a model competing startups are also pursuing.
Sava Trust Company announced a $10 million seed round and launched its Nevada-chartered trust business on October 28th, pitching AI-assisted administration for families and their existing attorneys and financial advisors. Gradient Ventures led the round, joined by Y Combinator, SV Angel, Instacart co-founder Max Mullen, Orange Collective and SurgePoint Capital.…
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