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Betterment

Betterment

Private
New York City, New YorkFinTechhttps://www.betterment.com/

Last Round

Debt

Sep 29, 2021

Est. Valuation

$1.3B

Total Funding Raised

$435M

Momentum

Top 5%

of companies Caplight tracks

Company Overview

Betterment is a financial services company that provides digital investment advisory services, including cash management, guided investing, and retirement planning through personalized, goal-based strategies.

Sector

FinTech

Verticals

Wealth Management, Personal Finance, Investment Platforms, Digital Banking

Business Model

B2C

Customer Profile

Revenue Share, Subscription SaaS, Payment Processing Fee

AI Layer

Application

Keywords

robo-advisorautomated investment managementtax-loss harvestingwealth management401(k) administrationfinancial wellnesshigh-yield cash accountalgorithmic portfolio managementdigital-first bankingRIA platformautomated rebalancinggoal-based investingbionic advisoryfintechneobank

Historical Pricing

Historical view of private secondary pricing and transaction trends.

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Caplight Momentum Score

Proprietary index based on bid/ask volume and sentiment.

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Betterment Comparables

Compare Betterment with similar companies based on industry and business-model similarity.

Betterment comparables — related companies by embedding similarity
CompanySimilarityMarket Cap
Wealthfront
87%
M1
81%
Acorns
78%

Betterment Funding Rounds

Historical fundraising activity

Data table
RoundDateAmount RaisedValuationInvestorsSources
DebtSep 29, 2021
Series FSep 29, 2021
Series E ExtensionJul 21, 2017
Series EMar 29, 2016
Series DFeb 19, 2015
Series C
Apr 15, 2014

Key People

Founding team and executive leadership

John Mileham

CTO

Executive Team

Ilene Fiszel Bieler

Chief Financial Officer

Executive Team

Peter Lorimer

Chief Financial Officer

Executive Team

Johanna Richardson

Chief Product Officer

Executive Team

Betterment Investors

Notable investors and investment history

Betterment investors
InvestorRounds
Red Swan VenturesSeries A
Runway Growth CapitalDebt
ORIX Growth CapitalDebt
Citi VenturesSeries E, Series F, Series C
ORIX USADebt
Aflac VenturesSeries F
Northwestern Mutual CapitalSeries C, Series D

Market signals

Structured signals derived from secondary market and firmographic data.

  • May 10, 2026

    Reached over $70 billion in assets for more than 1 million clients.

  • May 10, 2026

    Serves more than 1 million clients.

Betterment Filings

SEC and related filings with document metadata.

Data table
TypedDateAmount OfferedAmount SoldFillingPagesDownload
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Betterment Filings

SEC and related filings with document metadata.

Frequently Asked Questions

Common questions about Betterment's valuation, stock price, and market status.

Firmographic Details

HeadquartersNew York City, New York
Employee Range669
Year Founded2008
Last FundingSep 29, 2021

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