Betterment

company

About

Betterment is an online investment company that offers investing and retirement solutions for their current clients and clients-to-be.

Details

Last Funding Type
Series F
Last Funding Money Raised
$60M
Industries
Finance,Financial Services,FinTech,Impact Investing,Retirement
Founded date
Aug 25, 2008
Number Of Employee
101 - 250
Operating Status
Active
Legal Name
Betterment LLC

Betterment is a smart automated investing service that provides optimized investment returns for individual, IRA, ROTH IRA, and rollover 401(k) accounts. Its technology enables users to manage their investments in a customized, diversified portfolio. Charging a management fee of 0.25%, the company enables users to access, view, share, and review their portfolio’s activities as well as deposit and withdraw money from anywhere, anytime. Betterments products also include Tax Loss Harvesting, a program that works to offset taxes on both gains and income; and RetireGuide, a series of online surveys to enable users to determine the success of their long-term financial goals.

Funding Rounds

Number of Funding Rounds
Total Funding Amount
10
$435M
Betterment has raised a total of $435M in funding over 2 rounds. Their latest funding was raised on Sep 29, 2021 from a Series F round.
Announced Date Round Money Raised Number of Investors Lead Investors Post Valuation
Sep 29, 2021 Series F $60M 12 Treasury Detail
Sep 29, 2021 Debt Financing $100M 2 ORIX Growth Capital Detail
Apr 30, 2021 Series Unknown 2 SharesPost Investment Management Detail
Aug 29, 2017 Secondary Market 1 Detail
Jul 21, 2017 Series E $70M 4 Kinnevik Detail

Acquisition

Betterment has acquired 4 organizations. Their most recent acquisition was ImpulseSave on Oct 18, 2013. They acquired ImpulseSave for 0.

Date Company Name
Industry Acquisition Type Price
Oct 18, 2013 ImpulseSave
E-Commerce Detail
EBooks acquisition Detail
Feb 8, 2022 Makara
Cloud Computing acquisition Detail
Feb 23, 2022 Gradvisor
Financial Services acquisition Detail