• Betterment

  Participated · Equity · Feb 2015

  Betterment is an independent digital investment advisor led by CEO Sarah Levy that offers investing and retirement solutions alongside everyday spending and saving services. The company uses technology to provide automated money management, expert advice, and tax-smart strategies. Betterment serves hundreds of thousands of customers and manages $32 billion in assets under management with nearly 700,000 clients. It provides core retail investment products and advisor solutions, including a 401(k) offering targeted at small and medium-sized businesses. The company plans to use the new capital to accelerate growth across those core retail products and its advisor solutions, with particular emphasis on its 401(k) SMB offering. Betterment is headquartered in New York City. Betterment is an independent robo-advisor led by founder and CEO Jon Stein that provides goal-based investing with globally diversified, index-tracking ETF portfolios. Customers can open and customize taxable accounts, traditional/SEP/Roth IRAs, trust accounts, and retirement income accounts. The company has expanded its platform to serve financial advisors and the 401(k) market. Betterment manages nearly $10 billion in assets for more than 270,000 customers. The firm said it will use new funding to continue growing its business and increase product development. Betterment is an automated investing robo-advisor that aims to become the central financial relationship for its clients. The company offers features such as a retirement guide, account aggregation, corporate retirement-plan services, and a white-label tool for financial advisors. It has focused on attracting millennial consumers as an entry point to broader financial services. Betterment launched in 2010 at TechCrunch Disrupt and is based in New York. The firm reports $3.9 billion in assets under management and 150,000 customers. Betterment recently raised new capital to build its war chest and invest in additional products and services, having raised roughly $200 million across five rounds to date and holding a $700 million valuation. Betterment provides an automated, technology-enabled investing platform that builds personalized, goal-based, globally diversified portfolios of ETFs. The service allows customers to manage, protect, and grow their wealth through a digital platform. Launched in 2010 and led by founder and CEO Jon Stein, the company is based in New York City. Betterment manages more than $1.4B of assets across tax-efficient, personalized portfolios. It serves more than 65,000 customers. The company intends to use new funding to develop new products. Betterment is an online financial services firm that uses technology to offer fully managed investment portfolios with lower fees. It manages portfolios primarily with exchange-traded funds and offers fractional share trading, accounting tools, and investment advice. The company charges roughly 0.34% in advisory fees and fund expenses and manages about $500 million in assets for approximately 30,000 customers. About 20% of Betterment’s customers are over 50, and the company recently launched a retiree product that connects with existing accounts to automate monthly withdrawals. Future plans include expanding products for retirement planning, estates and trusts and piloting white-label partnerships with investment advisors to offer its advisory technology. CEO Jon Stein has said the company will expand its suite of products as part of that roadmap.

• LearnVest

  Led · Equity · Apr 2014

  LearnVest offers the LearnVest Action Program, a seven-step planning service that guides users from cutting expenses and budgeting for goals to investing, with each user working with a certified financial planner trained by the company. Financial plans are tiered (budget version starts at $89; five-year plan $299; portfolio builder $399). The company emphasizes one-on-one coaching and personalization, recently hiring an SVP of analytics from Netflix to improve customized online experiences. LearnVest pivoted in 2012 from a women-focused online guide (debuted in 2009) to become a full-fledged investment adviser for a broader audience. The startup aims to scale employer offerings through its LearnVest at Work channel and to expand staffing at its Arizona-based Expert Hub. New funding is intended to support hiring at the Expert Hub and scaling company channels. LearnVest is a consumer financial-planning startup founded by Alexa von Tobel in 2009 that offers the LearnVest Action Program, a seven-step program supported by certified financial planners. The service triages users’ financial health and delivers tailored action plans, with pricing tiers including $89 for the budget plan, $299 for the five-year plan, and $399 for the portfolio builder. The company pivoted from a women-focused guide to serve both men and women and now operates as a full-fledged investment advisor. LearnVest has launched Workplace Solutions, a financial-wellness platform employers can offer as an employee benefit. It opened a West Coast office in Phoenix as a hiring and training hub while remaining headquartered in New York City. As of this round the company has raised $41 million in total funding and maintains industry advisors to support growth. LearnVest offers a female-focused personal finance platform that helps users aggregate accounts, track spending and build budgets. Its My Money Center aggregates bills, credit cards, checking, savings, 401(k) and more into a Financial Inbox and automatically files transactions into folder-style budget categories. The site also provides personalized financial advice through a paid Advice Center, where members submit questions and receive tailored responses, plus access to LearnVest Courses. LearnVest continues to offer free bootcamps on topics like financial basics, cutting costs, and investing. The company reports one million users and sells premium memberships at $4.99 per day, $39.99 for three months, or $129.99 per year. LearnVest launched at TechCrunch50 in 2009 and was founded by Alexa Von Tobel. LearnVest is a personal finance site for women that helps users organize their finances, diagnose financial health, and create customized plans. The core product combines interactive tools and profile-driven advice with educational "bootcamp" programs delivered via daily email. The company launched three paid bootcamps (Financial Basics, Cut Your Costs, and an Investing Bootcamp priced at $7.99) that integrate user inputs into LearnVest accounts. A pilot in January attracted 8,000 basic-bootcamp signups, and LearnVest expects a total of 40,000 participants across programs. LearnVest reports about 500,000 unique visitors per month and plans to expand with additional bootcamps (for example, on getting a mortgage) and a mobile offering. Alexa von Tobel is the CEO and founder.

No current team members are available.