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Benzinga

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.

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This article originally published July 21st, 2017 on Benzinga

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