Betterment Rockets Ahead in Robo Space, Raising $100M

By Suleman Din

Betterment may have cemented its leadership position among independent robo advice platforms with its announcement on Tuesday it has secured $100 million in its latest round of venture capital funding.

“We’ve always known that to challenge the entrenched incumbent services would require a lot of capital,” says Betterment CEO Jon Stein. “This amount gets us what we need to very much to build out our vision.

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This article originally published March 29th, 2016 on Financial Planning.