About BodesWell
BodesWell is a Technology company based in Boston (United States) founded in 2019, and was acquired by American Express in June 2022. Automated financial planning tools are offered through an app-based platform. BodesWell has raised $1.5 million across 2 funding rounds from investors including American Express, American Express Ventures and Cleo Capital. The company was acqui-hired. Its focus areas include FinTech, Investment Tech, Wealth Management IT and Financial Planning. Its competitors include Planful, Modern Wealth Management and iraLogix; 3 of its 3 listed competitors have raised funding.
Company details
BodesWell was founded in 2019 in Boston, United States, as a fintech platform. Automated tools for goal-based financial planning and money management are provided via a mobile app. Users are enabled to save and prepare for objectives such as starting a business, funding holidays, pursuing education, handling unemployment, and planning retirement. Operations focus on streamlined financial guidance within the personal finance sector.
- Headquarters Boston, United States
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website bodeswell.io
- Social LinkedIn X
- Acquired by American Express (Jun 2022)
- Total Equity Funding$1.5M (USD)
in 2 rounds
- InvestorsAmerican Express
& 5 more
- Acquired byAmerican Express
(Jun 2022)
Funding Insights of BodesWell
BodesWell has successfully raised a total of $1.5M across 2 strategic funding rounds. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $1.5M
- Total Rounds 2
- First Round $1.5M
(Jan 2019)
- Investors Count 5
All 2 funding rounds of BodesWell with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jun 2020 | Seed | – | – | ||
| Jan 2019 | $1.5M | Seed | – | – |
6 investors in total: 6 institutional.
Investors in BodesWell
BodesWell has secured backing from 6 investors, including venture fund and institutional investors. Prominent investors backing the company include American Express, American Express Ventures and Cleo Capital.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Venture capital investments are directed toward multiple sectors. | americanexpress.com/us/business/american-express-ventures | New York, United States | ||
| cleocap.com | ||||
| riot.vc | ||||
| grit.vc | ||||
| argon.vc | ||||
Financial products for individuals and businesses are compared online. | 1850 | americanexpress.com | New York, United States |
Investor details for BodesWell
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
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People of BodesWell
1 people are tracked at BodesWell (1 in leadership).
| Name | Role | Group |
|---|---|---|
Bernie Bernstein | CTO | Leadership |
Complete people profiles for BodesWell
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of BodesWell
4 dated milestones of BodesWell across 3 years, from founding to its latest funding, stage changes and deals.
- Founded BodesWell is founded.
- Funding First funding round of $1.5M.
- Funding Latest funding round, Seed,.
- Exit Acquired by American Express.
Competitors of BodesWell
BodesWell has 3 listed competitors in our database, 3 of them funded. They include Planful, Modern Wealth Management and iraLogix.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| planful.com | 2000 | Redwood, United States | $71.65M | 191 | Cloud-based financial planning and advisory solutions are provided for businesses. | |
| modwm.com | 2023 | Lenexa, United States | $200M | 101 | Wealth management services are provided to clients by the firm. | |
| iralogix.com | 2015 | Doral, United States | $48.38M | Financial planning software for IRA recordkeeping is offered. |
Detailed competitors of BodesWell
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Top companies in Investment & Financial Technology
3 companies that operate in the same segment as BodesWell (Investment & Financial Technology) in United States, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Commission-free trading and investment services are provided by Robinhood. | 2013 | Menlo Park, California, United States | USD 5.58 B | USD 2.98 B | 4,841 | |
Financial data and investment advisory tools are offered online. | 1984 | Chicago, Illinois, United States | USD 91 M | USD 351.25 K | 6 | |
App-based platform for spare change investment | 2012 | Irvine, California, United States | USD 587.84 M | 602 |
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Related news about Bodeswell
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Frequently Asked Questions about BodesWell
BodesWell was founded in 2019.
BodesWell is headquartered in Boston, United States. It is registered at Boston, Massachusetts, United States.
BodesWell is a funded company, having raised a total of $1.5M across 2 funding rounds to date. The company's 1st funding round was a Seed of $1.5M, raised on Jan 2019.
BodesWell was founded in 2019 in Boston, United States, as a fintech platform. Automated tools for goal-based financial planning and money management are provided via a mobile app. Users are enabled to save and prepare for objectives such as starting a business, funding holidays, pursuing education, handling unemployment, and planning retirement. Operations focus on streamlined financial guidance within the personal finance sector.
BodesWell's top competitors include Planful, iraLogix and Modern Wealth Management.
BodesWell has 6 investors. Key investors include American Express, American Express Ventures, Cleo Capital, Riot Ventures, and Grit Capital Partners.
Yes. BodesWell was acquired by American Express in June 2022.