Betterment Raises $70 Million At $800 Million Valuation
By Jayson Derrick
Betterment, an online financial advising platform, is now valued at $800 million based on its latest round of financing.
Betterment secured $70 million in funding at a time when the company’s business is booming. The last time the company raised money was in early 2016 when it was valued at $700 million and held just $4 billion in assets under management, Bloomberg said. Today the firm’s asset under management has more than doubled to nearly $10 billion.