# ShareBuilder Corporation

Startup profile on Capital Atlas: https://capitalatlas.ai/startups/sharebuilder

- Industry: Financial Services
- Headquarters: Seattle, US
- Website: www.sharebuilder.com
- Total disclosed funding: $50M
- Latest round: Series D (Nov 5, 2001)
- Investors on record: 10

## About

ShareBuilder Corporation is a financial services company that offers tailored 401(k) retirement plans for small and medium-sized businesses, emphasizing affordability and accessibility to enhance employee savings.Founded in 1996 in Seattle, US, ShareBuilder Corporation specializes in providing retirement solutions. The company was acquired by ING Groep NV in November 2007 for USD 220.00 mn, marking a pivotal shift in its business operations. The company has completed a total of 3 deals to date, focusing primarily on enhancing its services in the retirement planning sector. Nancy Burnett and Sabele Buraik currently lead the company.ShareBuilder 401k specializes in providing simple and affordable 401(k) plans tailored specifically for small and medium-sized businesses. The company's core offerings include Solo 401(k) plans designed for self-employed individuals, starting at USD 8 per month, and workplace 401(k) plans for businesses with employees, beginning at less than USD 100 per month. These plans are engineered to lower the costs associated with retirement benefits, thus increasing savings potential for both employers and employees. ShareBuilder 401k serves over 6,500 businesses across various industries in the United States, highlighting its commitment to enhancing retirement savings accessibility.ShareBuilder 401k generates revenue through subscription-based pricing models for its 401(k) plans. The pricing structure reflects the varying needs of its clients, with Solo 401(k) plans available starting at USD 8 per month and employee-based plans beginning at less than USD 100 per month. Revenue primarily comes from administrative fees, recordkeeping services, and investment management, which are embedded in the overall cost of the plans, ensuring transparency for clients regarding their retirement expenses.Following its acquisition by ING Groep NV in November 2007, ShareBuilder Corporation aims to leverage its resources for future growth. The company plans to continue enhancing its product offerings with the development of additional retirement solutions tailored for diverse market needs. Additionally, there are strategies in place to expand into new geographic regions, targeting a wider audience across the United States by increasing marketing efforts and strategic partnerships. The funding from the recent Trade Sale in November 2007, amounting to USD 220.00 mn, will significantly support these initiatives.

## Funding rounds

- Series D, Nov 5, 2001, $20M — Wells Fargo Bank, Guide Ventures, Madrona Venture Group, Benaroya Companies, Safeco
- Series C, Apr 14, 2000, $30M — Wells Fargo Bank, Madrona Venture Group, GE Financial Assurance Holdings, Goldman Sachs Asset Management, First Tech Federal Credit Union, Liberty Financial Companies, Inc., Bowne & Co. Inc.

## Investors

- Wells Fargo Bank — Series C, Series D
- Madrona Venture Group (https://capitalatlas.ai/funds/madrona-venture-group) — Series C, Series D
- GE Financial Assurance Holdings — Series C
- Goldman Sachs Asset Management (https://capitalatlas.ai/funds/goldman-sachs-asset-management) — Series C
- First Tech Federal Credit Union — Series C
- Liberty Financial Companies, Inc. — Series C
- Bowne & Co. Inc. — Series C
- Guide Ventures (https://capitalatlas.ai/funds/guide-ventures) — Series D
- Benaroya Companies (https://capitalatlas.ai/funds/benaroya-companies) — Series D
- Safeco — Series D