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.