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Betterment Raises $100M in Series E Funding

Betterment, a leading robo-advisory platform powering automated investments, has recently received $100 million in its series E funding round from AB Kinnevik, a Swedish investment firm. Previous investors of Betterment, i.e., Bessemer Ventures Partners, Menlo Ventures, Anthemis Group and Francisco Partners also participated in this round. This brings the total amount raised to over $205 million. This deal values Betterment at $700 million, up from 450 million in 2015. Betterment’s funding has raised curiosity among industry experts as the fund ...

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