# Betterment Holdings

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/betterment-holdings

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.betterment.com
- Total disclosed funding: $325M
- Latest round: Series F (Sep 24, 2021)
- Investors on record: 13

## About

Based in New York, US, and founded in 2008 by Jon Stein, its CEO is Sarah Kirshbaum Levy, Betterment Holdings Inc. operates as an online investing service provider, which offers investment advisory, retirement planning, and brokerage services internationally. As of July 2020, there were 293 people working for the company. In September 2021, Betterment Holdings Inc. has secured USD160 million in growth capital comprised of a USD60 million series F equity round and a USD100 million credit facility led by ORIX Growth Capital with Runway Growth Capital. 

Bettrement Holdings Inc. offers different investment services that include portfolio options, socially responsible investing, tax-smart investing, charitable giving, 401 (k) rollovers, and retirement income.

Betterment Holdings, Inc. offers digital investing plans with an annual fee of 0.25 percent and premium investment plans with an annual fee of 0.40 percent.

Betterment Holdings Inc. will use the funding to accelerate the company's growth across its core retail investment products and advisor solutions, and particularly to its growing 401(k) offering for small and medium-sized businesses.

## Funding rounds

- Series F, Sep 24, 2021, $60M — Francisco Partners, Globespan Capital Partners, Menlo Ventures, Bessemer Venture Partners, Kinnevik, Anthemis, Citi Ventures, Aflac Corporate Ventures, ID8 Investments, Treasury, The Private Shares Fund
- Series E, Aug 23, 2017, $70M — Francisco Partners, Menlo Ventures, Bessemer Venture Partners, Kinnevik
- Series E, Mar 29, 2016, $92M — Francisco Partners, Menlo Ventures, Bessemer Venture Partners, Kinnevik, Anthemis
- Series D, Feb 18, 2015, $60M — Francisco Partners, Globespan Capital Partners, Menlo Ventures, Bessemer Venture Partners, Northwestern Mutual Capital, Anthemis
- Series C, Apr 2, 2014, $30M — Globespan Capital Partners, Menlo Ventures, Bessemer Venture Partners, Northwestern Mutual Capital, Anthemis, Citi Ventures
- Series B, Oct 3, 2012, $10M — Menlo Ventures, Bessemer Venture Partners, Anthemis
- Series A, Nov 23, 2010, $3M — Bessemer Venture Partners, Anthemis, Red Swan Ventures

## Investors

- Bessemer Venture Partners (https://capitalatlas.ai/funds/bessemer-venture-partners) — Series A, Series B, Series C, Series D, Series E, Series F
- Anthemis (https://capitalatlas.ai/funds/anthemis) — Series A, Series B, Series C, Series D, Series E, Series F
- Red Swan Ventures (https://capitalatlas.ai/funds/red-swan-ventures) — Series A
- Menlo Ventures (https://capitalatlas.ai/funds/menlo-ventures) — Series B, Series C, Series D, Series E, Series F
- Globespan Capital Partners (https://capitalatlas.ai/funds/globespan-capital-partners) — Series C, Series D, Series F
- Northwestern Mutual Capital (https://capitalatlas.ai/funds/northwestern-mutual-capital) — Series C, Series D
- Citi Ventures (https://capitalatlas.ai/funds/citi-ventures) — Series C, Series F
- Francisco Partners (https://capitalatlas.ai/funds/francisco-partners) — Series D, Series E, Series F
- Kinnevik (https://capitalatlas.ai/funds/kinnevik) — Series E, Series F
- Aflac Corporate Ventures (https://capitalatlas.ai/funds/aflac-corporate-ventures) — Series F
- ID8 Investments (https://capitalatlas.ai/funds/id8-investments) — Series F
- Treasury (https://capitalatlas.ai/funds/treasury) — Series F
- The Private Shares Fund (https://capitalatlas.ai/funds/the-private-shares-fund) — Series F