This New York City Robo-Adviser Just Raised $100 Million at a $700 Million Valuation
By Zoë Henry
Betterment, an automated investment management service, continues to attract the attention of global investors.
On Tuesday, the “robo-adviser” announced that it had raised $100 million in a Series E funding round led by Swedish investment firm Kinnevik, with participation from such previous investors as Bessemer Venture Partners, Menlo Ventures, Anthemis Group and Francisco Partners. To date, the startup has raised $205 million, for a total valuation of $700 million.