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Capitalize Secures $12.5 Million in Series A Funding Led by Canapi Ventures

Feb 11, 2021•over 4 years ago

Amount Raised

$12 Million

Round Type

series a

New York

Description

Capitalize, the first online platform to help consumers transfer retirement assets, today announced the close of a $12.5 million Series A investment round. Canapi Ventures led the round with participation from Capitalize’s existing investors, including Bling Capital, Greycroft, RRE Ventures and Walkabout Ventures. The new round will drive continued growth, support strategic investment in talent and enable Capitalize to add new services as it helps consumers save for retirement nationwide.

Company Information

Company

Capitalize

Location

New York, New York, United States

About

Capitalize is a New York-based fintech company on a mission to help people save for retirement. Their online platform helps people quickly consolidate or roll over their old 401k accounts into a new or existing IRA - for free. Capitalize manages the entire 401k rollover process for users through an online alternative to the existing manual, paper-based process of transferring retirement accounts. Over time, Capitalize intends to help users manage all of their employer-sponsored and individual retirement accounts as they move throughout their career. www.hicapitalize.com

Funding Insights

Based on industry data
Tech investment trends
83% of B2B companies plan digital investments, with 79% prioritizing customer experience tech