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Big News, Big Thanks

Today we're very excited to announce that we've closed a Series A round of funding, led by Bessemer Venture Partners. Bessemer is the ideal partner for us - they know our space well and take a long-term view, as do we. And they bring great ideas and insights to us every time we talk. So, we couldn't be happier.

Articles by Jon

By Jon Stein
CEO & Founder, Betterment  |  Published: December 2, 2010

Anthemis Group also joined significantly in the round and has been a great supporter of ours. They bring a sharp focus on and smart thesis around financial innovation and disruption. Many great professors and practitioners of finance and web experts also participated, and we want to thank all of our great investors for helping Betterment to realize its potential.

We’ve been in the process of fundraising for a couple months now, and we’re eager to get back to business and the next chapter in developing Betterment. So, what now? Our first order of business is to thank you, our customers, early adopters, readers, and supporters. We’re humbled by the enthusiastic response we’ve gotten from you as you’ve navigated our platform over the past 6 months. We’re also grateful for all your feedback and questions–these have been and will continue to be crucial in our efforts to make Betterment everything we know it can be.

We also have a lot of work ahead of us for 2011. Much of it will be on the technical side, so if you or anyone you know is a standout Java developer, please send them our way. We plan to add more facets to our core product, from a more versatile fee structure to retirement accounts to additional types of portfolio investments, and we’ll roll out some cool new partnerships. When we officially launched at TechCrunch Disrupt in May, we knew we were at the beginning of something big. But really, that day marked just one beginning in a series of many. Today marks another–and we’re so glad you’re here to share it with us.

Thanks, and keep in touch.

Jon & the Betterment Team.

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