Betterment IPO

betterment.com

Betterment was founded in 2008 by Ryan O'Sullivan. CEO Sarah Levy told Business Insider that the company is on a path towards IPO. These comments should not be interpreted to mean that the company is formally pursuing or foregoing an IPO.

Betterment is a financial advisement firm that offers services to both individual investors and professional advisors. Since 2013, the company has acquired ImpulseSave, Wealthsimple, Makara, and Gradvisor. A 2021 company press release states that "Betterment is the largest independent digital investment advisor with $32 billion in assets under management and nearly 700,000 clients." The company has received over $400 million in venture capital funding from investors including Investment AB Kinnevik, Bessemer Venture Partners, Francisco Partners, and Menlo Ventures. The company reported a recent valuation of nearly $1.3 billion.

SectorFinTech
Founded2010
Total Funding to Date$336.99MM
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Betterment Ticker Symbol

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Betterment Stock Price

The stock price for Betterment will be known as it becomes public. Here are similar public companies: Paypal (NAS: PYPL), Robinhood (NAS: HOOD), E-Trade (NAS: ETFC), Tradeweb (NAS: TW).

Major Investors for Betterment

Bessemer Venture Partners
Menlo Ventures
Citi Ventures
Anthemis Group
Kinnevik
Globespan Capital Partners

Betterment Funding Rounds and IPO Valuation

Date Funding Round Funding Raised Price per Share IPO Valuation
9/29/2021 Series F $60MM raised $XXX.XX $XXX.XX
7/21/2017 Series E $172MM raised $XXX.XX $XXX.XX
2/18/2015 Series D $60MM raised $XXX.XX $XXX.XX
4/15/2014 Series C $32MM raised $XXX.XX $XXX.XX
9/25/2012 Series B $9.99MM raised $XXX.XX $XXX.XX
11/22/2010 Series A $3MM raised $XXX.XX $XXX.XX
Based on primary financings
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