Betterment is an online investment company that offers investing and retirement solutions for their current clients and clients-to-be.
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.
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 |
Investor Name | Lead Investor | Funding Round |
---|---|---|
Treasury | Yes | Series F |
ORIX Growth Capital | Yes | Debt Financing |
SharesPost Investment Management | Yes | Series Unknown |
Aflac Global Ventures | — | Series F |
Anthemis Group | — | Series F |
Bessemer Venture Partners | — | Series F |
Citi Ventures | — | Series F |
Francisco Partners | — | Series F |
Globespan Capital Partners | — | Series F |
ID8 Investments | — | Series F |
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 |
Mar 5, 2021
Wealthsimple - U.S. book of business
|
EBooks | acquisition | — | Detail |
Feb 8, 2022
Makara
|
Cloud Computing | acquisition | — | Detail |
Feb 23, 2022
Gradvisor
|
Financial Services | acquisition | — | Detail |