Personal Capital raises $75M in Series E

What does Personal do?

Personal Capital, is the leading digital wealth managment firm. The company’s aim is to improve the financial lives through people and technology. The company uses technology for revolutionizing the financial industry by making it more accessible, honest and affordable. The company’s services combines free tools which gather and analyze the financial data, with an advisor for helping in managing and growing the client’s investments. The company has four hundred percent growth in 2015, and clients have invested more than eight hundred million dollars in the company. More than 600k Americans are using this company’s services for tracking more than $100b accounts on the free software.

How much Personal Capital was funded?
The company raised $75M in Series E on May 19, 2016 from the investors IGM Financial.
Previous funding
$300k on July 1, 2009
$10M in Series A on June 25, 2010 from IVP (Institutional Venture Partners)
$15M in Series B on August 26, 2011 from Venrock, IVP (Institutional Venture Partners and Crosslink Capital
$25M in Series C on June 5, 2013 from Venrock, Crosslink Capital, BlackRock, Correlation Ventures, Corsair Capital and IVP (Institutional Venture Partners)
$50M in Series D on October 29, 2014 from Corsair Capital, USAA, BBVA Ventures, Crosslink Capital,Venrock, IVP (Institutional Venture Partners) and Jump Capital.
What is next for Personal Capital?
Personal Capital har raised $50 M from IGM Financial Inc and has signed an agreement with the investor that it is going to receive another $25 M in 2017. The latest investment that this emerging digital wealth management industry in US received, is going to be used for scaling its business and enahance its services for helping more families in managing their complex financial lives.
More about Personal Capital
The company was founded on July 1, 2009 by Rob Foregger, Louie Gasparini and Bill Harris. It has its headquarters in Redwood City, CA. This company offers a smart way of tracking and managing one’s financial life.