Betterment Snags Another $100 Million in Financing
By Bernice Napach
Betterment has announced its biggest round of financing yet. The largest independent robo-advisor, with nearly $4 billion in assets and more than 150,000 customers, has just closed on a $100 million round of funding led by the Swedish investment company Kinnevik. Other participants include Bessemer Venture Partners, Menlo Ventures, Anthemis Group and Fransciso Partners, which are all previous investors in the company.