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HomeFunding NYC-based Vestwell Secures $125m in Series D Round Funding

[Funding alert] NYC-based Vestwell Secures $125m in Series D Round Funding

NYC-based Vestwell secures $125m in series D round funding. Lightspeed Venture Partners led the round, and Blue Owl, HarbourVest, and current investors Fin Capital, Primary Venture Partners, and FinTech Collective also invested.

NYC-based Vestwell secures $125m in series D round funding. Lightspeed Venture Partners led the round, and Blue Owl, HarbourVest, and current investors Fin Capital, Primary Venture Partners, and FinTech Collective also invested.

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Justin Overdorff, Lightspeed’s senior fintech partner, joined Vestwell’s board of directors as part of the deal. With the funds, the business will keep up its fast national expansion and concentrate on state-specific savings programme initiatives while developing new savings programme initiatives for Vestwell’s employers, partners, and savers.

Vestwell, an employer and individual savings platform, was founded in 2016 by CEO Aaron Schumm. It facilitates a variety of programmes related to retirement, health, and education, including 401(k), 403(b), IRA, 529 Education, ABLE disabilities, and emergency savings.

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The cutting-edge fintech powerhouse behind investing and savings plans for small companies and individual consumers nationwide is Vestwell.

About Vestwell

They are assisting in the reduction of the savings gap by providing modern, adaptable, and affordable ways to save for retirement, education, and medical expenses. Currently, Vestwell powers $29 billion in assets across all 50 states, approximately 50,000 small enterprises, and over a million savers.

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