Betterment Raises $60M in Funding
Summary
Betterment, a New York City-based automated investing service, raised $60m in funding.In conjunction with the funding, Peter Christodoulo of Francisco Partners joined Betterment’s board of directors.Led by Jon Stein, Founder and CEO, Betterment provides an investing service which which offers a personalized, goal-based, globally diversified portfolio of ETFs.It uses a technology-enabled platform to allow people to manage, protect, and grow their wealth.Launched in 2010, the company manages more than $1.4B of assets in tax-efficient, personalized portfolios for more than 65,000 customers.
Funding
Amount
$60.0M
Total raised
Date
February 17, 2015
Announcement date
Investors
Anthemis Group, Francisco Partners, Bessemer Venture Partners
Lead investors
Company
http://www.betterment.com
Funded company
Classifications
industries
Fintech & Banking
applications
Accounting and Taxes
AskAI Classifications
Labels
Financial Technology
Automated Investing Software
SaaS
Linked Companies
Betterment
$50M to $100M