Tech Company Financing Transactions

Betterment Funding Round

Betterment, operating out of New York, secured $60 million in funding from Francisco Partners, Bessemer Venture Partners and Menlo Ventures.

Transaction Overview

Company Name
Announced On
2/20/2015
Transaction Type
Venture Equity
Amount
$60,000,000
Round
Undisclosed
Investors

Francisco Partners (Lead Investor) (Peter Christodoulo)

Bessemer Venture Partners (Robert Stavis)

Menlo Ventures (John Jarve)

Northwestern Mutual Capital

Proceeds Purpose
Betterment is now poised to grow its asset base rapidly. The company now has about 90 employees, and expects to grow to 120 this year, said chief executive and co-founder Jon Stein.

Company Information

Company Status
Private & Independent
Industry
FinTech
Mailing Address
8 W. 24th St. 6th Floor
New York, NY 10010
USA
Email Address
Overview
Betterment is the smarter automated investing service that provides optimized investment returns for individual, IRA, Roth IRA & rollover 401(k) accounts
Profile
Betterment LinkedIn Company Profile
Social Media
Betterment Company Twitter Account
Company News
Betterment News
Facebook
Betterment on Facebook
YouTube
Betterment on YouTube

Management Team

Title
Name
Email & Social
Chief Executive Officer
Sarah Levy
  Sarah Levy LinkedIn Profile  Sarah Levy Twitter Account  Sarah Levy News  Sarah Levy on Facebook


 

 

Browse more venture capital transactions:

Prev: 2/20/2015: NovaTract Surgical venture capital transaction
Next: 2/20/2015: 17hats venture capital transaction

 

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We do our best to report on every notable VC transaction. All VC database entries reported here are sourced from company press releases and news coverage. The data comes to us via our partnership with VentureDeal.com, an affiliated venture.

 


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