Betterment
About
Betterment is an online investment company that offers investing and retirement solutions for their current clients and clients-to-be.
- New York,New York,United States
- 101 - 250
- http://www.betterment.com
Details
- Last Funding Type
- Series F
- Last Funding Money Raised
- $60M
- Industries
- Finance,Financial Services,FinTech,Impact Investing,Retirement
- Founded date
- Aug 25, 2008
- Number Of Employee
- 101 - 250
- Operating Status
- Active
- Legal Name
- Betterment LLC
Betterment is a smart automated investing service that provides optimized investment returns for individual, IRA, ROTH IRA, and rollover 401(k) accounts. Its technology enables users to manage their investments in a customized, diversified portfolio. Charging a management fee of 0.25%, the company enables users to access, view, share, and review their portfolio’s activities as well as deposit and withdraw money from anywhere, anytime. Betterments products also include Tax Loss Harvesting, a program that works to offset taxes on both gains and income; and RetireGuide, a series of online surveys to enable users to determine the success of their long-term financial goals.
Funding Rounds
| Announced Date | Round | Money Raised | Number of Investors | Lead Investors | Post Valuation | |
|---|---|---|---|---|---|---|
| Sep 29, 2021 | Series F | $60M | 12 |
Treasury
|
— | Detail |
| Sep 29, 2021 | Debt Financing | $100M | 2 |
|
— | Detail |
| Apr 30, 2021 | Series Unknown | — | 2 |
SharesPost Investment Management
|
— | Detail |
| Aug 29, 2017 | Secondary Market | — | 1 | — | — | Detail |
| Jul 21, 2017 | Series E | $70M | 4 |
Kinnevik
|
— | Detail |
Investors
| Investor Name | Lead Investor | Funding Round |
|---|---|---|
|
Treasury
|
Yes | Series F |
|
|
Yes | Debt Financing |
|
SharesPost Investment Management
|
Yes | Series Unknown |
Aflac Global Ventures
|
— | Series F |
Anthemis Group
|
— | Series F |
Bessemer Venture Partners
|
— | Series F |
|
|
— | Series F |
Francisco Partners
|
— | Series F |
Globespan Capital Partners
|
— | Series F |
ID8 Investments
|
— | Series F |
Acquisition
Betterment has acquired 4 organizations. Their most recent acquisition was ImpulseSave on Oct 18, 2013. They acquired ImpulseSave for 0.
|
Date
Company Name
|
Industry | Acquisition Type | Price | |
|---|---|---|---|---|
|
Oct 18, 2013
ImpulseSave
|
E-Commerce | — | — | Detail |
|
Mar 5, 2021
|
EBooks | acquisition | — | Detail |
|
Feb 8, 2022
Makara
|
Cloud Computing | acquisition | — | Detail |
|
Feb 23, 2022
Gradvisor
|
Financial Services | acquisition | — | Detail |
