Betterment

Betterment

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Overview

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.

About

Industries

Financial Services, Finance, FinTech, Impact Investing, Retirement

Founded

2008

Employees

101-250

Headquarters locations

New York, New York, United States, North America

Social

N/A

Profile Resume

Betterment headquartered in New York, New York, United States, North America, operates in the Financial Services, Finance, FinTech, Impact Investing, Retirement sector. The company focuses on Financial Services and has secured $87.0B in funding across 200 round(s). With a team of 101-250 employees, Betterment is actively contributing to advancements in Financial Services. Their latest funding round, Series A - Betterment, raised $3.0M. Discover more about their projects, partnerships, and impact on our platform.

Employees

imagePlace Jon Stein

Jon Stein

Founder and Chairman of the Board

imagePlace John Mileham

John Mileham

CTO

imagePlace Nathan Griffith

Nathan Griffith

Principal Engineer

imagePlace Dan Egan

Dan Egan

Director of Behavioral Finance & Investing

imagePlace Saman Majd

Saman Majd

Advisor

imagePlace Boris Khentov

Boris Khentov

SVP of Product Strategy and Sustainable Investing

Funding Rounds

Funding rounds

10

Investors

9

Lead Investors

0

Total Funding Amount

$435.0M

Details

7

Betterment has raised a total of $435.0M in funding over 7 rounds.

Announcement dateTransaction nameNumber of InvestorsMoney raisedLead Investor
2015Late Stage Venture60.0M
2014Late Stage Venture32.0M
2012Early Stage Venture10.0M
2010Early Stage Venture3.0M

Investors

Betterment is funded by 64 investors.

Investor NameLead InvestorFunding RoundPartners
Red Swan Ventures-FUNDING ROUND - Red Swan Ventures3.0M
Andy Dunn-FUNDING ROUND - Andy Dunn3.0M
Betterment-FUNDING ROUND - Betterment3.0M
Alexander Saint-Amand-FUNDING ROUND - Alexander Saint-Amand3.0M

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