NEW YORK, NY, Basic Capital, a 401(k) platform that offers an innovative financing option to help workers achieve their retirement goals, announced the successful closing of its $25 million Series A round.
The round was led by Forerunner and Lux Capital, with participation from existing investors SV Angel, Box Group and financial luminaries including Henry Kravis. New investors included HOF Capital and Inspired Capital.
Basic Capital is a full-stack retirement platform that amplifies retirement investments by providing financing within IRAs and 401(k)s. The company offers $4 of financing for every $1 contributed, giving investors 5x the investing power in diversified portfolios designed for long-term growth.
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