Total amount raised
$33.5 Millions
Latest funding date
08/01/2024
Location
Capitalize offers a streamlined service to help individuals roll over their old 401(k) accounts into IRAs, making the process fast, easy, and hassle-free. The platform partners with top IRA providers to ensure users can compare and choose the best options for their retirement savings.
Keep reading to explore the intricacies of Capitalize's fundraising journey and the investors backing this innovative platform.
What Is Capitalize?
Capitalize operates within the financial services industry, focusing on retirement account rollovers. The platform simplifies the process of rolling over 401(k) accounts into IRAs, offering a user-friendly experience and expert assistance.
Capitalize partners with leading IRA providers to offer a free service to users, ensuring they can compare and choose the best options for their retirement savings. The platform emphasizes security and trust, using bank-level encryption to protect user data.
With positive reviews for its ease of use and efficiency, Capitalize aims to save users time, money, and hassle by managing the rollover process seamlessly.
How Much Funding Has Capitalize Raised?
- Seed Round
- Amount Raised: $2M
- Date: March 2020
- Lead Investors: Bling Capital
- Series A
- Amount Raised: $12.5M
- Date: February 2021
- Lead Investors: Canapi Ventures
- Series B
- Amount Raised: $19M
- Date: August 2024
- Lead Investors: RRE Ventures
Capitalize has raised a total of $33.5M in funding.
Key Investors
- RRE Ventures
- Details: RRE Ventures is a venture capital firm based in New York City, known for investing in early-stage companies. They have a strong track record of supporting innovative startups across various industries.
- Investment Focus Areas: Fintech, healthcare, enterprise software
- Notable Investments: BuzzFeed, Venmo, Palantir
- Canapi Ventures
- Details: Canapi Ventures is a venture capital firm that focuses on investing in early to growth-stage fintech companies. They aim to support the next generation of financial services innovators.
- Investment Focus Areas: Fintech, banking, financial services
- Notable Investments: Greenlight, Built Technologies, Finix
- Bling Capital
- Details: Bling Capital is a venture capital firm that invests in early-stage technology companies. They are known for their hands-on approach and deep industry expertise.
- Investment Focus Areas: Technology, consumer products, SaaS
- Notable Investments: Airbnb, Lyft, Instacart
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