# NextCapital Group

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/nextcapital-group

- Industry: Financial Services
- Headquarters: Chicago, US
- Website: www.nextcapital.com
- Total disclosed funding: $55M
- Latest round: Series D (Dec 21, 2020)
- Investors on record: 11

## About

Founded in 2014 and based in Illinois, US, NextCapital Group, Inc. is a developer of a financial advice platform that enables plan sponsors and advisors to provide personalized retirement planning services for their clients.NextCapital's solutions encompass retirement readiness assessments, savings advice, personalized portfolios, and actionable improvement steps. In March 2022, Goldman Sachs Merchant Banking Division agreed to acquire NextCapital Group, Inc. from AB, FinTech Collective, Francisco Partners, IA Capital Group, Kelvingrove Ventures, Manulife Capital, Oak HC/FT Partners, Route 66 Ventures, Russell Investments Group, LLC, Transamerica Ventures, and Vermont Seed Capital Fund. The transaction was later completed in April 2022.

## Funding rounds

- Series D, Dec 21, 2020, $2.5M — Francisco Partners, IA Capital Group, Oak HC/FT
- Series C, Dec 14, 2017, $30M — Manulife Investment Management, Route 66 Ventures, Transamerica Ventures, Oak HC/FT, Vermont Center for Emerging Technologies
- Series B, Dec 14, 2015, $16M — Manulife Investment Management, Russell Investments, AllianceBernstein, Route 66 Ventures, FinTech Collective, Transamerica Ventures, Kelvingrove Ventures, Vermont Center for Emerging Technologies
- Series A, Jul 29, 2014, $6M — Russell Investments, FinTech Collective, Transamerica Ventures, Kelvingrove Ventures, Vermont Center for Emerging Technologies

## Investors

- Russell Investments (https://capitalatlas.ai/funds/russell-investments) — Series A, Series B
- FinTech Collective (https://capitalatlas.ai/funds/fintech-collective) — Series A, Series B
- Transamerica Ventures (https://capitalatlas.ai/funds/transamerica-ventures) — Series A, Series B, Series C
- Kelvingrove Ventures — Series A, Series B
- Vermont Center for Emerging Technologies — Series A, Series B, Series C
- Manulife Investment Management (https://capitalatlas.ai/funds/manulife-investment-management) — Series B, Series C
- AllianceBernstein (https://capitalatlas.ai/funds/alliancebernstein) — Series B
- Route 66 Ventures (https://capitalatlas.ai/funds/route-66-ventures) — Series B, Series C
- Oak HC/FT (https://capitalatlas.ai/funds/oak-hc-ft) — Series C, Series D
- Francisco Partners (https://capitalatlas.ai/funds/francisco-partners) — Series D
- IA Capital Group (https://capitalatlas.ai/funds/ia-capital-group) — Series D