Here are the latest venture capital, seed, and angel deals for NYC startups for 7/21/17. This page will be updated to reflect any new fundings for the day.
Betterment — $70M – Series E Extension
Betterment, the online financial advisor, has announced an additional $70M funding from Francisco Partners, Menlo Ventures, Bessemer Venture Partners, and Kinnevik AB (lead) as an extension of its Series E round announced last year.
“Kinnevik and Betterment have formed a strong partnership over the last year, and we welcome their increased commitment to our growth story,” remarked Jon Stein, Founder and CEO of Betterment. “We’ve always prioritized what would have the biggest impact for our customers. Since the beginning, that’s meant focusing on delivering the best possible after-tax returns and empowering customers to do what’s best with their money. The additional funding will allow us to fulfill our mission and continue to build products that put even more money back in our customers’ pockets.”
The company, founded by Eli Broverman and Jon Stein , has now raised a total of $275M across 7 rounds since its founding in 2008. The post money valuation for the company now sits at $800M after this round.
FinTech Studios — $1M – Seed
FinTech Studios, an online portal for AI-driven financial information, has raised a $1M Seed round from KEC Ventures. Fintech Studios was founded by Kevin Barresi, Jim Tousignant, and Rich Taylor in 2014.
