# Capitalize Money

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/capitalize-money

- Industry: Financial Services
- Headquarters: New York, US
- Website: www.hicapitalize.com/
- Total disclosed funding: $53M
- Latest round: Series B (Aug 14, 2024)
- Investors on record: 6

## About

Founded in 2019 and based in New York, US, Capitalize Money, Inc. operates as a provider of a fintech company that helps people save for retirement. The company was co-founded by CEO Gaurav Sharma and CTO Christopher Phillips. In August 2024, Capitalize Money, Inc. raised USD 19 million in Series B funding led by RRE Ventures, including Canapi Ventures and Bling Capital, and Industry Ventures Corporate Development/Ventures.

The company offers an online platform that helps users consolidate or roll over their old 401k accounts into a new or existing (IRA) individual retirement account, a platform that combines proprietary technology and its customer support service team. Capitalize helps users locate their old 401(k) accounts, compare IRA options from providers, and manage the rollover process with minimal hassle through its AI-driven platform. The firm partners with IRA providers, including Betterment, SoFi, and Vanguard.

The organization plans to use the August 2024 funding to expand its technological investment in its core rollover platform and service offerings with new features and transfer types.

## Funding rounds

- Series B, Aug 14, 2024, $19M — RRE Ventures, Industry Ventures, Canapi Ventures, Bling Capital
- Series B, Jul 2, 2024, $19M — RRE Ventures, Industry Ventures, Canapi Ventures, Bling Capital
- Series A, Dec 22, 2020, $13M — RRE Ventures, Greycroft, Canapi Ventures, Bling Capital, Walkabout Ventures
- Seed, Mar 25, 2020, $2M — RRE Ventures, Greycroft, Bling Capital, Walkabout Ventures

## Investors

- RRE Ventures (https://capitalatlas.ai/funds/rre-ventures) — Seed, Series A, Series B
- Greycroft (https://capitalatlas.ai/funds/greycroft) — Seed, Series A
- Bling Capital (https://capitalatlas.ai/funds/bling-capital) — Seed, Series A, Series B
- Walkabout Ventures (https://capitalatlas.ai/funds/walkabout-ventures) — Seed, Series A
- Canapi Ventures (https://capitalatlas.ai/funds/canapi-ventures) — Series A, Series B
- Industry Ventures (https://capitalatlas.ai/funds/industry-ventures) — Series B