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Venture Capital News: Betterment Scores $160M Funding

2021-10-01
NEW YORK, NY, Betterment, a personal finance startup, has secured $160 million in growth capital.
Betterment, a personal finance startup, has secured $160 million in growth capital comprised of a $60 million Series F equity round and a $100 million credit facility.

The Series F round was led by Treasury, with participation from 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 $100 million credit facility was established with ORIX Corporation USA's Growth Capital group and Runway Growth Capital.

The financing valued the company at nearly $1.3 billion.
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