• FOUNDING YEAR: 2009
    LOCATION:
    United States
    REGION:
    California
    Last Update:
    9 Sep, 2019

Description

FOCUS

PRODUCTS & SERVICES:
Financial tools include: Networth Fee Analyzer, Investment checker, Retirement Planner. Wealth Management tools include: Investment Strategy & Advisory
REVENUE MODEL:
Viewable by subscribers only
MAIN CLIENTS:
Retail investors
COMMENT
Personal Capital constantly monitors the user's portfolio and optimizes it using: 1. Automated portfolio rebalancing. 2. Tax optimization and tax-loss harvesting. 3. Developing and maintaining a “Personal Strategy." 4. Investments are allocated according to the user's personal strategy and market conditions.

PEOPLE

FOUNDERS:
Louie Gasparini, Bill Harris, Rob Foregger
Board Members and Advisors:
Brian Ascher, Steve Harrick, Victor Pascucci
NUMBER OF EMPLOYEES:
201-500
INVESTORS:
BBVA Ventures, Bill Harris, BlackRock, Correlation Ventures, Corsair Capital, Crosslink Capital, IVP, Jump Capital, Rob Foregger, USAA, Venrock, IGM Financial, Silicon Valley Bank, USAA, and Venrock.
KEY EMPLOYEES:
Bill Harris(CEO); Mike Armsby(CFO)

TRACTION

VALUATION / MARKET CAP:
$660 MM in 2017
VALUATION COMMENT
The company claims that the current valuation is higher than what it was in the earlier round. (Feb. 2019)
REVENUE:
$10M+ in 2018
REVENUE COMMENT:
Viewable by subscribers only
TRANSACTIONS VALUE:
$8 Billions in 2018
TRANSACTIONS COMMENT:
The company is managing over $8.5 billion worth of assets. (Apr. 2019)
ACTIVE USERS:
2
ACTIVE USERS COMMENT:
The platform has over 2 million registered free tool users. (Feb. 2019)

MOMENTUM

FUNDED:
YES
TOTAL FUNDING:
$265.3 Millions
DATE OF LAST FUNDING:
Feb 2019
TOTAL FUNDING COMMENT:
The company will use funds to enhance its technology platform, business growth, and invest in value-added partnerships. (Feb. 2019)
SEED & PRIOR FUNDING:
$300 K
SEED CLOSED ON:
Jul 2009
FUNDING SERIES:
SERIES A
$10 Million Closed: Jun 2010
SERIES B
$15 Million Closed: Aug 2011
SERIES C
$25 Millions Closed: Jun 2013
SERIES D
$50 Millions Closed: Oct 2014
SERIES E
$115 Million Closed: Aug 2017
SERIES F
$50 Millions Closed: Feb 2019
LISTED:
NO
COMMENT:
Debt financing: $25 million (Dec. 2016)

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