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Term Sheet — Tuesday, March 29

By Dan Primack

Betterment, a New York-based “robo-advisor,” has raised $100 million in Series E funding at a $600 million pre-money valuation. Kinnevik led the round, and was joined by return backers Bessemer Venture Partners, Anthemis Group, Menlo Ventures and Francisco Partners.

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This article originally published March 29th, 2016 on Fortune