About Robustwealth
Robustwealth is a Technology company based in New York (United States) founded in 2015, and was acquired by Principal in May 2018. Automated investment services for individuals and 401(k) plans are offered. Robustwealth has raised $7.49 million across 3 funding rounds from investors including Principal. Its focus areas include FinTech, Investment Tech, Wealth Management Platforms and Robo Advisors. Its competitors include Bambu and Marstone; 2 of its 2 listed competitors have raised funding.
Company details
Robustwealth was founded in 2015 in New York, United States, within the fintech sector. Software is provided for online establishment of 401(k) plans by businesses, alongside automated investment services for individuals that can be extended to plan participants. Core portfolios are constructed using low-cost passive ETFs and funds. Operations support integration with various custodians, or partnerships with designated providers, to facilitate account management.
- Headquarters New York, United States
- Stage Acquired
- SectorsTechnology
- Email••••••••
- Website robustwealth.com
- Social LinkedIn X
- Acquired by Principal (May 2018)
Funding Insights of Robustwealth
Robustwealth has successfully raised a total of $7.49M across 3 strategic funding rounds. The most recent funding activity was a Series A round of $2 million completed in January 2018. 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 $7.49M
- Total Rounds 3
- Last Round Series A — $2M
- First Round $490,000
(Feb 2016)
All 3 funding rounds of Robustwealth 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 |
|---|---|---|---|---|---|
| Jan 2018 | $2M | Series A | – | – | – |
| Dec 2016 | $5M | Series A | – | – | – |
| Feb 2016 | $490,000 | Seed | – | – | – |
1 investors in total: 1 institutional.
Investors in Robustwealth
Robustwealth has secured backing from 1 investor, including institutional investors. Prominent investors backing the company include Principal.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Retirement, investment, and insurance products and services are provided. | 1879 | principal.com | Des Moines, United States |
Investor details for Robustwealth
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
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Verified entity values are shown only after access is granted.
People of Robustwealth
1 people are tracked at Robustwealth (1 in leadership).
| Name | Role | Group |
|---|---|---|
Michael Kerins | CEO and Founder | Leadership |
Complete people profiles for Robustwealth
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Timeline of Robustwealth
4 dated milestones of Robustwealth across 3 years, from founding to its latest funding, stage changes and deals.
- Founded Robustwealth is founded.
- Funding First funding round of $490K.
- Funding Latest funding round, Series A, of $2.0M.
- Exit Acquired by Principal.
Competitors of Robustwealth
Robustwealth has 2 listed competitors in our database, 2 of them funded. They include Bambu and Marstone.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| mybambu.com | 2016 | Memphis, United States | $11.29M | Provider of digital banking for individuals | ||
| marstone.com | 2013 | New York, United States | $13M | White label robo-advisory platform |
Detailed competitors of Robustwealth
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
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Top companies in Investment & Financial Technology
3 companies that operate in the same segment as Robustwealth (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 Robustwealth
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Frequently Asked Questions about Robustwealth
Robustwealth was founded in 2015 and raised its 1st funding round 1 year after it was founded.
Robustwealth is headquartered in New York, United States. It is registered at New York, New York, United States.
Robustwealth is a funded company, having raised a total of $7.49M across 3 funding rounds to date. The company's 1st funding round was a Seed of $490K, raised on Feb 2016.
Robustwealth was founded in 2015 in New York, United States, within the fintech sector. Software is provided for online establishment of 401(k) plans by businesses, alongside automated investment services for individuals that can be extended to plan participants. Core portfolios are constructed using low-cost passive ETFs and funds. Operations support integration with various custodians, or partnerships with designated providers, to facilitate account management.
Robustwealth has 1 investor. Key investors include Principal.
Yes. Robustwealth was acquired by Principal in May 2018.