The New York Times
Robo-Adviser Betterment Gets $100 Million in Venture Capital
By Liz Moyer
Despite a turbulent market and dwindling investor appetite for stakes in private start-ups, the robo-adviser firm Betterment has received $100 million from venture capital investors, pushing its valuation to $700 million, nearly double its value this time last year.
The Swedish investment firm Kinnevik led the investment round, which also included the previous investors — Bessemer Venture Partners, Menlo Ventures, Anthemis Group and Francisco Partners.