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Northstar Announces $10.7M in Funding to Support Employees' Financial Wellness Through Personalized Advice and Automation

Nov 17, 2020•almost 5 years ago

Amount Raised

$10 Million

Los Angeles

Description

Northstar, a fintech company that enables employers to offer financial wellness as an employee benefit, announced $10.7 million in financing, including a new $7.3 million Series A led by M13 with participation from Foundation Capital and Workday Ventures. The investment comes on the heels of breakout growth and adoption from leading employers including Zoom, ServiceTitan, and Thumbtack.

Company Information

Company

Northstar

Location

Los Angeles, California, United States

About

Northstar is the leading employee financial wellness, compensation, and benefits platform. Northstar supports employees' key financial decisions through 1-on-1 CFPs® and innovative financial management tools. Founded in 2016 by Will Peng and Matt Matteson, Northstar has partnered with several of the world's leading employers including Zoom, ServiceTitan, and Thumbtack. Northstar has raised more than $10M from M13, Foundation Capital, Workday Ventures, Parade Ventures, and top founders and executives at NerdWallet, Plaid, Adobe, Amazon, SunRun, and Yelp.

Funding Insights

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