# Betterment funding: rounds and investors > Betterment has raised $175M across 6 rounds since 2010. Investors include Bessemer Venture Partners, Menlo Ventures and Anthemis. Every round with its source. Source: https://millionrounds.com/company/betterment (Millionrounds; every figure on the page links to its filing or article) United States · [Series E startup](https://millionrounds.com/companies) # Who invested in *Betterment* 6 rounds we have observed, with the 14 investors named in them. Every figure came from a named source, and where the company reported a raise to the SEC itself, that is shown beside it. Fintech Valuation: $1.3B, Mar 2026 Funding summary Updated 26 Oct 2026 **$175M** raised across 6 rounds since 2010, from 6 sources **$3.0M** Series A **$10M** Series B **$32M** Series C **$60M** Series D **$70M** Series E - **Latest round:** Series E, $70M Jul 2017 - **Investors:** 14 See who backed them ## The funding story Each circle is a round, placed by date and sized by amount. The line above is the running total. 2011 2012 2013 2014 2015 2016 2017 **?** Seed **$3.0M** Series A **$10M** Series B **$32M** Series C **$60M** Series D **$70M** Series E - **First round:** Seed - **Biggest round:** $70M - **Usual gap between rounds:** 22 months ## The rounds - **Jul 2017** Series E **$70M** *1 new* *2 returning* [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Francisco Partners](https://millionrounds.com/fund/francisco-partners) [Kinnevik/ Bessemer](https://millionrounds.com/fund/kinnevik-bessemer) Reported by FinSMEs SEC filing: $70M sold, first sale Aug 2017 - **Feb 2015** Series D **$60M** *1 new* *4 returning* [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Anthemis](https://millionrounds.com/fund/anthemis-group) [Francisco Partners](https://millionrounds.com/fund/francisco-partners) [Northwestern Mutual](https://millionrounds.com/fund/northwestern-mutual-future-ventures) From a historical funding record SEC filing: $60M sold, first sale Feb 2015 - **Apr 2014** Series C **$32M** *3 new* *3 returning* [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Anthemis](https://millionrounds.com/fund/anthemis-group) [Globespan Capital Partners](https://millionrounds.com/fund/globespan-capital-partners) [Citi Ventures](https://millionrounds.com/fund/citi-ventures) [Northwestern Mutual](https://millionrounds.com/fund/northwestern-mutual-future-ventures) From a historical funding record SEC filing: $30M sold, first sale Apr 2014 - **Oct 2012** Series B **$10M** *1 new* *3 returning* [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Anthemis](https://millionrounds.com/fund/anthemis-group) [Reinmkr Capital](https://millionrounds.com/fund/reinmkr-capital) Reported by techcrunch.com - **Dec 2010** Series A **$3.0M** *5 new* [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [Anthemis](https://millionrounds.com/fund/anthemis-group) [Jason Finger](https://millionrounds.com/fund/jason-finger) [Reinmkr Capital](https://millionrounds.com/fund/reinmkr-capital) [Thomas D. Lehrman](https://millionrounds.com/fund/thomas-d-lehrman) Reported by techcrunch.com SEC filing: $3.0M sold, first sale Nov 2010 - **Nov 2010** Seed **Amount undisclosed** *3 new* [Fabrice Grinda](https://millionrounds.com/fund/fabrice-grinda) [Red Swan Ventures](https://millionrounds.com/fund/red-swan-ventures) [Andy Dunn](https://millionrounds.com/fund/andy-dunn) From a historical funding record SEC filing: $3.0M sold, first sale Nov 2010 ## Founders and team From Betterment's own website: 12 on the team. - **Sarah Levy** Chief Executive Officer - **Mike Reust** President - **Johanna Richardson** Chief Product Officer - **John Mileham** Chief Technology Officer - **Kim Rosenblum** Chief Marketing Officer - **Kumud Sharma** Chief People Officer - **Peter Lorimer** Chief Financial Officer - **Boris Khentov** Head of Applied AI - **Jon Mauney** VP, Data - **Liane Pierce** VP, Data - **Sandy Lavipour** VP, Strategy & Communications - **Seth Rosenbloom** General Counsel ## Who was in which round The busiest backers across the latest rounds. A filled square is a round they joined; a dark one, a round they led. **Seed** 2010 **Series A** 2010 **Series B** 2012 **Series C** 2014 **Series D** 2015 **Series E** 2017 [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) [Anthemis](https://millionrounds.com/fund/anthemis-group) [Francisco Partners](https://millionrounds.com/fund/francisco-partners) [Northwestern Mutual](https://millionrounds.com/fund/northwestern-mutual-future-ventures) [Reinmkr Capital](https://millionrounds.com/fund/reinmkr-capital) [Fabrice Grinda](https://millionrounds.com/fund/fabrice-grinda) [Globespan Capital Partners](https://millionrounds.com/fund/globespan-capital-partners) [Citi Ventures](https://millionrounds.com/fund/citi-ventures) [Jason Finger](https://millionrounds.com/fund/jason-finger) ## Everyone who backed them [Bessemer Venture Partners](https://millionrounds.com/fund/bessemer-venture-partners) VC firm **4** rounds [Menlo Ventures](https://millionrounds.com/fund/menlo-ventures) VC firm **4** rounds [Anthemis](https://millionrounds.com/fund/anthemis-group) VC firm **4** rounds [Francisco Partners](https://millionrounds.com/fund/francisco-partners) Private equity **2** rounds [Northwestern Mutual](https://millionrounds.com/fund/northwestern-mutual-future-ventures) Private equity **2** rounds [Reinmkr Capital](https://millionrounds.com/fund/reinmkr-capital) VC firm **2** rounds [Fabrice Grinda](https://millionrounds.com/fund/fabrice-grinda) Angel **1** round [Globespan Capital Partners](https://millionrounds.com/fund/globespan-capital-partners) VC firm **1** round [Citi Ventures](https://millionrounds.com/fund/citi-ventures) Corporate VC **1** round [Jason Finger](https://millionrounds.com/fund/jason-finger) Angel **1** round [Red Swan Ventures](https://millionrounds.com/fund/red-swan-ventures) VC firm **1** round [Andy Dunn](https://millionrounds.com/fund/andy-dunn) Angel **1** round [Thomas D. Lehrman](https://millionrounds.com/fund/thomas-d-lehrman) VC firm **1** round [Kinnevik/ Bessemer](https://millionrounds.com/fund/kinnevik-bessemer) Investment firm **1** round Missing a round, or an investor who was in one? [Tell us](https://millionrounds.com/corrections?slug=betterment). ## Also claim to have backed them These 10 firms list Betterment as a portfolio company on their own websites, but no report of a round names them. They are the firms' own claims, kept apart from the rounds above. [François Derbaix](https://millionrounds.com/fund/francois-derbaix) VC firm Per its own site [Future Perfect Ventures](https://millionrounds.com/fund/future-perfect-ventures) VC firm Per its own site [Serruya Capital](https://millionrounds.com/fund/serruya-capital) VC firm Per its own site [Runway Growth Capital](https://millionrounds.com/fund/runway-growth-capital) Private credit Per its own site [Bhojr Ventures](https://millionrounds.com/fund/bhojr-ventures) VC firm Per its own site [ID8 Investments](https://millionrounds.com/fund/id8-investments) VC firm Per its own site [Inertia Ventures](https://millionrounds.com/fund/inertia-ventures) VC firm Per its own site [Ossian Capital](https://millionrounds.com/fund/ossian-capital) VC firm Per its own site [Rabil Ventures](https://millionrounds.com/fund/rabil-ventures) VC firm Per its own site [Sweetwater Private Equity](https://millionrounds.com/fund/sweetwater-private-equity) Private equity Per its own site ## Quick answers about Betterment ### Who invested in Betterment? Betterment's investors include Bessemer Venture Partners, Menlo Ventures, Anthemis, Francisco Partners and Northwestern Mutual, and 9 more on record. ### How much has Betterment raised? Betterment has raised $175M across 6 rounds since 2010. One round did not disclose an amount, so the total is a floor. ### When did Betterment last raise? Betterment's most recent round was a Series E of $70M in Jul 2017. ### What was Betterment's biggest round? Its most recent round, $70M in Jul 2017, is also its largest on record. ### Who backed Betterment first? Betterment's first round on record, in Nov 2010, was backed by Fabrice Grinda, Red Swan Ventures and Andy Dunn. ### What stage is Betterment at? Betterment's latest named round is a Series E, in Jul 2017. ### Where is Betterment based? Betterment is based in the United States. ## Companies like Betterment In the same sector, and raised in the last eighteen months. 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