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.
Betterment does not currently have an official ticker symbol because this company is still private. Register today to connect with our Private Market Specialists and learn more about new pre-IPO investment opportunities.
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).
| Date | Funding Round | Funding Raised | Price per Share | IPO Valuation |
|---|---|---|---|---|
| 9/29/2021 | Series F | $1.28B | $XXX.XX | $XXX.XX |
| 7/21/2017 | Series E | $722.81MM | $XXX.XX | $XXX.XX |
| 2/18/2015 | Series D | $499.87MM | $XXX.XX | $XXX.XX |
| 4/15/2014 | Series C | $151.34MM | $XXX.XX | $XXX.XX |
| 9/25/2012 | Series B | $32.75MM | $XXX.XX | $XXX.XX |
| 11/22/2010 | Series A | $8.57MM | $XXX.XX | $XXX.XX |
