Estate settlement is a sprawling process that typically takes between 12 and 18 months and can require hundreds of hours of administrative work. Even with documents like wills and living trusts in place, heirs must navigate a labyrinth of systems: courts, custodians, banks, insurance companies, and creditors.
Alix, a San Francisco-based fintech startup, is attempting to compress that complexity into something more manageable using a combination of automation, AI, and human support. Founded in 2022, the company has developed a digital estate settlement platform that streamlines the most burdensome parts of settling an estate.
In July 2025, the company raised $20 million in a Series A round led by Acrew Capital, with participation from Charles Schwab, Edward Jones Ventures, Initialized Capital, and other existing investors. The funding brings its total capital raised to $30.65 million.
The company’s co-founder and CEO, Alexandra Mysoor, was first exposed to the problem while helping a friend manage her late mother’s estate. “I said, ‘Girl, I’ve got you,’” Mysoor recalled in an interview with the San Francisco Business Times. “But I did not realize I was doing estate settlement… and it took me 900 hours and 18 months.” That personal experience revealed the depth of inefficiencies that remain in the space, even as financial planning and advisory services have gone digital.
Alix’s core system uses artificial intelligence to identify and inventory assets, surface liabilities, prepare documentation, and connect users with relevant institutions. But Mysoor has emphasized that AI alone isn’t sufficient in this use case. “I do not believe, in its current state, that any interface I’ve experienced with AI can mimic the true empathy that someone needs,” she said. Each family using Alix is paired with a human “care team” who guides them through the process and oversees the platform’s AI agents, which operate the digital “back office.”
Getting Institutional Buy-In
The addressable market for Alix is expanding. An estimated $124 trillion in U.S. wealth is expected to transfer across generations over the next two decades. Widows are often the first to inherit, followed by Gen X and Millennial children, many of whom will become estate executors for the first time, and under difficult emotional circumstances.
Alix is positioning itself as infrastructure for that transition. With its new funding, Alix plans to scale its AI capabilities further, speed up onboarding for new users, and expand integrations with financial services providers. It will also grow its workforce, particularly in AI product and engineering, and open a new office in San Francisco to tap into the region’s talent pool. “Our AI-powered system eliminates delays, cuts through bureaucracy, and identifies and distributes assets with speed and precision,” said co-founder and CTO Hugh Tamassia, formerly of JPMorgan Chase and Acorns.
In addition to product development, the funding will support Alix’s marketing and distribution strategy, including deeper partnerships with wealth managers and financial advisors. The company has already begun building out a network of distribution partners and onboarding channels, which it sees as critical to mainstream adoption.
Major backers see Alix’s combination of automation and personal service as a differentiator. “Alix blends AI technology with empathetic human expertise to guide and support clients through the estate settlement process, improving efficiency without losing the human touch,” said Barry Metzger, managing director at Charles Schwab.
A Potential New Layer in Wealth Infrastructure
Alix is not focused on pre-death estate planning but on what comes afterward: account closures, debt reconciliation, asset transfers, and probate navigation. That distinction positions it as a complement to legal and financial advisory services, rather than a competitor.
Schwab recently took a minority stake in Wealth.com, and Edward Jones has backed Vanilla, a planning platform geared toward advisors. Both firms’ participation in Alix’s round signals a recognition that posthumous asset transfer is a logistical problem ripe for technological intervention.
Alix’s long-term vision is to establish estate settlement as a standardized digital process: less fragmented, less expensive, and more accessible.
