Betterment

About

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

New York,New York,United States
101 - 250
http://www.betterment.com

Highlights

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

Investors

Number of Lead Investors

Number of Investors

10

26

Betterment is funded by 26 investors. Treasury and ORIX Growth Capital are the most recent investors.

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

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
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