Chime backer Lauren Kolodny bets on AI to revolutionize estate processing

Acrew Capital's partner Lauren Kolodny has led a $20 million Series A investment in Alix, a startup that utilizes AI technology to streamline the estate processing workflow. Alix aims to automate various aspects of the estate administration process, such as document organization, asset identification, and task management. Kolodny, who has previously backed fintech unicorn Chime, believes that AI can significantly improve the efficiency and transparency of estate processing, which is often a complex and time-consuming endeavor for both families and professionals. Alix's technology is designed to reduce the administrative burden and expedite the distribution of assets to beneficiaries. The startup's Series A funding round was oversubscribed, indicating strong investor interest in the potential of AI-driven solutions to transform the estate management industry. Alix plans to use the new capital to further develop its platform and expand its reach to a broader customer base, including estate planning attorneys, executors, and probate courts.