Betterment just landed an $800 million valuation

By Frank Chaparro

Betterment, the largest independent roboadviser, announced Friday morning a new round of funding that would bring the firm’s valuation to $800 million.

The $70 million funding round was led by Kinnevik, a Swedish investment company. Other investors in this round included Menlo Ventures, a California-based venture capital firm, and Francisco Partners, a California-based private equity firm.

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This article originally published July 21st, 2017 on Business Insider.