Betterment Receives $3,000,000 Series A Round

Feed Type
Link
http://www.venturedeal.com/Search/SearchResultTransactionDetail.aspx?TransactionId=e98e3b42-a301-4596-831c-af919660cc90&Preview=1
Date
12/2/2010
Company Name
Betterment
Mailing Address
853 Broadway New York, NY 10003
Company Description
The company operates a website and service that enables users to make better investments.
Website
http://www.Betterment.com
Transaction Type
Venture Equity
Transaction Amount
$3,000,000
Transaction Round
Series A
Proceeds Purposes
Funds from the round will be used to grow Betterment’s internal team and to support the formation of new products scheduled to launch within the next year.
M&A Terms
Venture Investor
Bessemer Venture Partners
Venture Investor
Undisclosed