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

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

08/30/21, 11:13 AM
Location
https://purecatamphetamine.github.io/country-flag-icons/3x2/US.svgcambridge
Money raised
$56 million
Round Type
series b
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 Info

Company
Origin
Location
cambridge, maryland, united states
Additional Info
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.