Funding round
Human Interest Series B
Human Interest, which works in retirement plan administration services in San Francisco, raised $15M in a Series B round announced on 5 Aug 2019, led by US Venture Partners. 4 firms took part, 4 of them already investors. It is Human Interest's second venture round on record; the one before was a Series A in Feb 2018.
$15M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Human Interest did not disclose a valuation in this round. It came 18 months after Human Interest's Series A. It is 3.6% of the $428M Human Interest has raised in the venture rounds on record. Human Interest raised again 9 months later: a Series C round of $10M in May 2020. Its next priced round, a Growth in Jul 2024, valued it at $1.33B.
Human Interest's funding rounds
Human Interest has 6 venture rounds on record. This one is highlighted.
- Series A 7 Feb 2018, led by Wing Venture Capital $11M
- Series B this round 5 Aug 2019, led by US Venture Partners $15M
- Series C 20 May 2020, led by Glynn Capital $10M
- Growth 17 Jul 2024, led by Baillie Gifford and Marshall Wace $242M$1.33B post-money
- Series E 4 Aug 2025 $50M
- Series F 31 Oct 2025 $100M$3.00B post-money
Investors
Who put money in
US Venture Partners led the round with 3 other firms. US Venture Partners, Wing Venture Capital, Uncork Capital and Slow Ventures had backed Human Interest before.
Lead investor
- backs 61 venture-backed companies existing investor
Also in the round
- backs 96 venture-backed companies existing investor
- backs 110 venture-backed companies existing investor
- backs 133 venture-backed companies existing investor
Joined the board: Mark Goines (Personal Capital).
Use of proceeds
What the money is for
According to the announcement, the money goes to product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
The closest in time: Series B rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Clearco Loans & Financing | 9 Aug 2019 | $300M | not disclosed | Highland Capital |
| CRED Payment Processing & Point of Sale | 26 Aug 2019 | $120M | $450M | Sequoia Capital and Ribbit |
| Warehousing & Storage | 1 Aug 2019 | $100M | not disclosed | not named |
| Financial Services | 29 Aug 2019 | $50M | not disclosed | Founders Fund |
| Electronics Stores | 22 Aug 2019 | $44M | not disclosed | HOF Capital |
| Tech Companies | 13 Aug 2019 | $40M | not disclosed | Sutter Hill Ventures |
| Attentive Tech Companies | 12 Aug 2019 | $40M | not disclosed | Sequoia Capital |
| Form Energy Batteries | 29 Aug 2019 | $40M | not disclosed | Eni |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Human Interest raise in its Series B round?
Human Interest raised $15M in its Series B round, announced in Aug 2019.
Who led Human Interest's Series B round?
US Venture Partners led it, with Wing Venture Capital, Uncork Capital and Slow Ventures.
What was Human Interest's valuation at the Series B round?
It was not disclosed.
Did Human Interest raise again after this round?
Yes: a Series C round in May 2020 of $10M.