[ Betterment raises $70M in Series E ]

Betterment has raised $70 million in Series E funding.

Founded in 2008, Betterment provides a cloud-based automated investing platform for investors to invest in index funds.

The new financing will enable Betterment to continue to aggressively grow its business and increase product development.

Funding  Series E
Founded  2008
Country  USA
City  New York, NY
Founder / CEO  Jon Stein
Deal Size  $70M
Investors  Kinnevik AB
 Bessemer Venture Partners
 Francisco Partners
 Menlo Ventures
Previous Investors  same as above 
 Anthemis Group
 Citi Ventures
 Andy Dunn
 Fabrice Grinda
 Globespan Capital Partners
 Northwestern Mutual Life
 Red Swan Ventures
 reinmkr capital
 Jason Finger
 Thomas Lehrman