The improvement raises বৃদ্ধি 160 million in increased capital

Today, we are announcing that Betterment has achieved $ 160 million growth capital consisting of a $ 60 million Series F equity round and a সুবিধা 100 million credit facility. The moment comes when Betterment is the largest independent digital investment advisor with 32 32 billion in assets and nearly 700,000 clients.

The Series F round was led by Treasury with the participation of existing investors, including Kinnevik, Bessemer Venture Partners, Francisco Partners, Menlo Ventures, Anthemis Group, Globespan Capital Partners, Citi Ventures, and The Private Shares Fund, as well as new investors Aflac. Ventures and ID8 investments. The company is valued at about 3 1.3 billion in financing.

The $ 100 million credit facility was established with ORIX Corporation USA’s Growth Capital Group and Runway Growth Capital. ORIX’s Growth Capital Group has acted as lead arranger and agent.

Additional funds will be used to accelerate record growth.

“From day one, Betterment’s mission has been to improve people’s lives through easy-to-use, personalized investment solutions. The record growth and demand for betterment products and services demonstrates just how well we deliver, ”said Sarah Levy, CEO of Betterment. “We are thrilled to have the support of new and existing investors who believe in our business model and are thrilled with the opportunity to support our growth. We use these funds to further enhance our class leadership on top of our already distinct product suites and unique, versatile distribution models that serve retail investors, advisors and small businesses.

“I first saw the power of Betterment’s business model since its inception a decade ago. Participating as an investor in the next chapter of Betterment is an exceptional opportunity. “I believe in Betterment’s team and vision and we are thrilled to be able to support the company’s future success.”

To all our customers, we could not have achieved this without you. Thanks!

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