ARENA Private Wealth is a wealth platform serving families, founders, and high-net-worth investors across private wealth, alternatives, and capital markets.
Three independent registered investment advisors (RIAs) describe leaving large financial firms to establish their own practices. They emphasize greater fiduciary freedom and client-focused decision-making as key motivations. The founders highlight how self-governance aligns with their values and improves service quality for clients.
Family offices and private wealth investors are bypassing traditional venture capital firms to directly invest in early-stage AI startups. This shift accelerates access to high-risk, pre-revenue companies in the AI sector. The trend reflects growing confidence in AI-driven opportunities despite heightened uncertainty.
ARENA Private Wealth, a Midwest-based registered investment advisor (RIA), leads the $230 million Series B funding round for Positron AI. The firm takes on a growth-stage investment role often filled by coastal venture capital firms. This marks a shift in capital deployment dynamics for AI startups.
Positron raises $230 million in Series B funding at a $1 billion valuation to accelerate deployment of its high-speed memory chips for AI workloads. Arena Private Wealth, Jump Trading, and Unless co-lead the round, with strategic investment from Qatar Investment Authority. The Reno-based startup says its Atlas chip can match Nvidia’s H100 performance using less than a third of the power, and targets production of its next-generation Asimov chip in early 2027.