Luminary raises $22M for wealth-transfer infrastructure
Luminary is turning estate-planning documents into structured data for advisers, trust companies and other wealth professionals.
Wealth transfer is a huge financial-services category, but many of its workflows still depend on fragmented legal documents and manual coordination.
What happened
Luminary raised a $22 million Series A led by Ten Coves Capital, with BNY joining as a strategic investor alongside 8VC and existing backers. Its platform converts estate-planning documents into structured data used by financial advisers, trust companies, law firms and accountants.
Why it matters
Turning legal documents into structured data can make planning, reporting and collaboration easier across multiple professionals involved in a client’s estate.
The bigger picture
AI in financial services is increasingly moving into document-heavy workflows where information is difficult to standardise. That creates opportunities for vertical infrastructure rather than generic assistants.