Total amount raised
$33.5 Million
Latest funding date
2024-08-14
Location
Capitalize offers a streamlined service to help individuals roll over their old 401(k) accounts into IRAs, simplifying the process with smart technology and expert support. The platform is free for users, supported by partnerships with leading IRA providers.
Keep reading to explore the intricacies of Capitalize's fundraising journey and the investors backing this innovative platform.
What Is Capitalize?
Capitalize is a financial service that specializes in helping individuals roll over their old 401(k) accounts into IRAs. The service is designed to save users time, money, and hassle by managing the entire rollover process, from finding old 401(k)s to selecting the right IRA.
Operating within the financial services industry, Capitalize partners with leading IRA providers to offer a free service to users. The platform leverages smart technology and expert support to ensure a smooth and efficient rollover experience.
Capitalize aims to empower a new generation of workers to grow their retirement savings by providing a hassle-free, efficient, and secure rollover service.
How Much Funding Has Capitalize Raised?
- Seed Round
- Amount Raised: USD 2,000,000
- Date: March 2020
- Lead Investors: Bling Capital
- Series A
- Amount Raised: USD 12,500,000
- Date: February 2021
- Lead Investors: Canapi Ventures
- Series B
- Amount Raised: USD 19,000,000
- Date: August 2024
- Lead Investors: RRE Ventures
Capitalize has raised a total of USD 33,500,000 across all funding rounds.
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: Technology, Financial Services, Healthcare, Media, and Real Estate.
- Notable Investments: BuzzFeed, Venmo, and Palantir Technologies.
- 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, Payments, Insurtech, and Wealth Management.
- Notable Investments: Greenlight, Built Technologies, and 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, Enterprise Software, and Marketplaces.
- Notable Investments: Airbnb, Lyft, and Square.
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