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Origin Secures $56M In Series B Funding At $400M Valuation To Support Employee Financial Health On A Global Scale

Aug 30, 2021about 4 years ago

Amount Raised

$56 Million

Round Type

series b

Cambridge

Description

Origin, the comprehensive employee financial wellness platform, today announced it has raised $56 million in Series B funding led by Dick Costolo and Adam Bain’s 01A, General Catalyst and Lachy Groom, with participation from existing investors Founders Fund, Felicis Ventures and Abstract Ventures, bringing its valuation to $400 million. This funding round will fuel Origin’s customer expansion and new product innovation, following a massive uptick in demand for financial planning benefits as the pandemic increased financial stress for employees.

Company Information

Company

Origin

Location

Cambridge, Maryland, United States

About

The Cambridge-based startup, in an effort to make food supplies more sustainable, has created decentralised mini-farms for insects, which are designed to convert food waste from supermarkets into animal feed.

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