About Vestwell
Vestwell is a company based in New York (United States) founded in 2016.. Vestwell has raised $319.56 million across 6 funding rounds from investors including Goldman Sachs, Northwestern Mutual and Morgan Stanley. Vestwell has completed 2 acquisitions, including Gradifi and Sumday. Vestwell offers products and services including 401(k) Plans, Emergency Savings Account, IRA, 529 Education Savings, and Student Loan PayDown. Vestwell operates in a competitive market with competitors including Heywood Pension Technologies, ASC, Pensionbar and RightPond, among others.
- Headquarter New York, United States
- Stage Unicorn
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Sectors
Technology
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Phone
*********
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Website
*********
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Social
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- Legal Name Vestwell Holdings Inc.
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Annual Revenue
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Net Profit
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EBITDA
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Total Equity Funding
$319.56 M (USD)
in 6 rounds
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Latest Funding Round
$176.05 M (USD), Series D
Dec 20, 2023
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Investors
Goldman Sachs
& 22 more
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Employee Count
Employee Count
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Investments & Acquisitions
Gradifi
& 1 more
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Products & Services of Vestwell
Vestwell offers a comprehensive portfolio of products and services, including 401(k) Plans, Emergency Savings Account, IRA, 529 Education Savings, and Student Loan PayDown. The company's diverse product and service offerings are designed to meet the evolving needs of its customers, address market demands, and provide comprehensive solutions that drive value creation and customer satisfaction across various segments and use cases.
Offers tax-advantaged retirement accounts with employer matching and investment options.
Provides accounts for covering unexpected expenses without high-interest debt.
Flexible retirement savings with tax advantages and investment growth potential.
Tax-advantaged accounts for saving towards education expenses.
Assists employees in repaying student loans through employer contributions.
Tax-free savings for individuals with disabilities to cover qualified expenses.
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Funding Insights of Vestwell
Vestwell has successfully raised a total of $319.56M across 6 strategic funding rounds. The most recent funding activity was a Series D round of $176.05 million completed in December 2023. 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 Total Funding
- Total Rounds 6
- Last Round Series D — $176.1M
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First Round
First Round
(28 Sep 2016)
- Investors Count 23
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Dec, 2023 | Amount | Series D - Vestwell | Valuation | Lightspeed Venture Partners | |
| Jul, 2021 | Amount | Series C - Vestwell | Valuation | Fin Capital , Wells Fargo | |
| Apr, 2019 | Amount | Series B - Vestwell | Valuation | Goldman Sachs |
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Investors in Vestwell
Vestwell has secured backing from 23 investors, including venture fund and institutional investors. Prominent investors backing the company include Goldman Sachs, Northwestern Mutual and Morgan Stanley. This diverse investor base provides strategic capital, industry expertise, and valuable network connections that support the company's growth initiatives, market expansion, and long-term value creation.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Venture capital investing in innovative companies across global sectors is undertaken by Lightspeed Venture Partners.
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Founded Year | Domain | Location | |
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Venture capital firm focused on fintech and B2B SaaS companies
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Founded Year | Domain | Location | |
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Investments in FinTech startups are managed by the firm.
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Founded Year | Domain | Location |
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
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Single family office of Amitabh Bachchan, founder of Amitabh Bachchan Corporation or AB CORP
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Founded Year | Domain | Location | |
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Startup ecosystems are ignited through strategic investments by Signite Partners.
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Founded Year | Domain | Location | |
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Venture capital is directed toward companies in multiple sectors.
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Founded Year | Domain | Location | |
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Venture capital is invested in cybersecurity, fintech, and AI startups.
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Founded Year | Domain | Location |
Investments & Acquisitions by Vestwell
Vestwell has strategically engaged in corporate development activities, having acquired 2 companies. Notable acquisitions include Gradifi and Sumday. These strategic investments and acquisitions demonstrate the company's commitment to growth through portfolio expansion, market consolidation, technology integration, and strategic partnerships that enhance competitive positioning and drive long-term value creation.
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Bionic investment advisor platform
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2016 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Fine Asian gourmet food is offered by an internet-first restaurant.
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2016 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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Student loan debt repayment and savings solutions are provided.
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2014 | ||||
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Investment services are provided by Sumday to clients worldwide.
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1999 |
| Company Name | Description | Domain | Location | Founded Year | Amount |
|---|---|---|---|---|---|
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OVO is recognized as a smart digital payment application.
|
2017 | ||||
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Bionic investment advisor platform
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2016 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 | ||||
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Physical e-commerce kiosks are deployed for rural purchases in Indonesia.
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2014 |
Financial Statements - Vestwell
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Jan, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
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| Feb, 2021 | Amount | Post-IPO - Grab | Valuation |
investors |
Vestwell Comparisons
Competitors of Vestwell
Vestwell operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Heywood Pension Technologies, ASC, Pensionbar and RightPond, among others. This competitive environment drives innovation, market differentiation, and strategic positioning as companies strive to capture market share and deliver value to their customers. Understanding the competitive dynamics is crucial for assessing market positioning, identifying growth opportunities, and navigating the challenges inherent in a competitive marketplace.
| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Offers pension administration software, data services, and risk transfer solutions for schemes.
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| domain | founded_year | HQ Location |
ASC is recognized for providing retirement plan software solutions.
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| domain | founded_year | HQ Location |
Provides digital tools for pension decision-making and member engagement strategies.
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| domain | founded_year | HQ Location |
Analytics platform for pension industry is offered by RightPond.
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| Company Name | Domain | Founded year | HQ Location | Description |
|---|---|---|---|---|
| domain | founded_year | HQ Location |
Multiple services are booked via an app-based platform.
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| domain | founded_year | HQ Location |
On-demand services are booked through an app-based platform.
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| domain | founded_year | HQ Location |
App based platform offering on demand delivery and ride-hailing services
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| domain | founded_year | HQ Location |
Operates an on-demand hyperlocal delivery app for food and groceries.
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Latest news on Vestwell
Frequently Asked Questions about Vestwell
When was Vestwell founded?
Vestwell was founded in 2016.
Where is Vestwell located?
Vestwell is headquartered in New York, United States. It is registered at New York, New York, United States.
Is Vestwell a funded company?
Vestwell is a funded company, having raised a total of $319.56M across 6 funding rounds to date. The company's 1st funding round was a Series B of $30M, raised on Sep 28, 2016.
What does Vestwell do?
Founded in 2016 and based in New York, United States, Vestwell operates in the retirement investing sector. A white-labeled platform is supplied to registered investment advisors for compliance with regulations and business scaling. Services encompass investment management, trading, administration, custody, recordkeeping, and trustee functions, enabling planning for companies and employees.
Who are the top competitors of Vestwell?
Vestwell's top competitors include ASC, RightPond and Heywood Pension Technologies.
What products or services does Vestwell offer?
Vestwell offers 401(k) Plans, Emergency Savings Account, IRA, 529 Education Savings, and 2 more products and services.
How many acquisitions has Vestwell made?
Who are Vestwell's investors?
Vestwell has 23 investors. Key investors include Goldman Sachs, Northwestern Mutual, Morgan Stanley, Nationwide, and Lightspeed Venture Partners.
What is Vestwell's valuation?
The valuation of Vestwell is $1B as of Dec 2023.
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