Capitalize raised $19 million in a Series B funding round led by RRE Ventures to accelerate the adoption of digital rollovers.
Capitalize raised $19 million in a Series B funding round led by RRE Ventures to accelerate the adoption of digital rollovers.
08/14/24, 1:37 PM
Location
new yorkMoney raised
$19 million
Industry
fintech
Round Type
series b
Investors
Industry Ventures, Bling Capital, Canapi Ventures, Rre Ventures
Capitalize announced the close of a $19 million Series B funding round, with participation from existing investors Canapi Ventures and Bling Capital, as well as new investors like Industry Ventures. The funding will help modernize the rollover process for retirement assets.
Company Info
Location
new york, new york, united states
Additional Info
Capitalize is the first platform to help consumers and their financial institutions digitally locate and transfer retirement assets, such as 401(k)s. Launched in 2020, the company has rapidly expanded its offerings, processing several billion dollars in rollover volume annually. Capitalize partners with leading financial institutions to embed its rollover technology into their systems, improving the efficiency of the rollover process. The company's goal is to modernize the antiquated rollover process, making it easier for Americans to manage their retirement funds.