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The 14 Largest NYC Tech Startup Funding Rounds of July 2021
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Vestwell Innovates Workplace Savings, Investing With $70M Series C
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Vestwell Raises $70M in Series C Funding
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Vestwell Eyes Multi-Billion-Dollar Future After Landing $70M Investment Aaron Schumm s Vestwell is growing quickly, fueling Morgan Stanley s workplace ambitions and landing Connecticut s state auto-IRA.
Recordkeeping-as-a-service firm Vestwell landed a $70 million Series C funding round that has founder and CEO Aaron Schumm describing “a very clear line of sight to be a multi-billion-dollar business in the very near future.” The investment round was co-led by Wells Fargo Strategic Capital and Fin Venture Capital, according to an announcement, with additional investments from sources including Goldman Sachs and Morgan Stanley as well as the venture arms of insurances firms that include Nationwide Ventures, Allianz Life Ventures and Northwestern Mutual.
Vestwell Raises $70 Million in Series C Funding, Led by Wells Fargo Strategic Capital and Fin Venture Capital
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