Funding round
Vestwell Seed
Vestwell, which works in digital savings platform development in New York, raised $4.5M in a Seed round announced on 1 Sep 2016, led by FinTech Collective. 5 firms took part. It is Vestwell's first venture round on record.
$4.5M
Amount raised
Not disclosed
Post-money valuation
5
Investors
1 lead
Valuation
What this round says about the price
Vestwell did not disclose a valuation in this round. It is Vestwell's first venture round on record, in the year it was founded (2016). It is under 1% of the $623M Vestwell has raised in the venture rounds on record. Vestwell raised again 13 months later: a Series A round of $8.0M in Oct 2017. Its next priced round, a Series E in Feb 2026, valued it at $2.00B.
Vestwell's funding rounds
Vestwell has 6 venture rounds on record. This one is highlighted.
- Seed this round 1 Sep 2016, led by FinTech Collective $4.5M
- Series A 2 Oct 2017, led by F-Prime Capital Partners $8.0M
- Series B 2 Apr 2019, led by Goldman Sachs Principal Strategic Investments $30M
- Series C 20 Jul 2021, led by Wells Fargo Strategic Capital and Fin Capital $70M
- Series D 21 Dec 2023, led by Lightspeed Venture Partners $125M
- Series E 18 Feb 2026, led by Blue Owl Capital and Sixth Street $385M$2.00B post-money
Investors
Who put money in
FinTech Collective led the round with 4 other firms.
Lead investor
- backs 47 venture-backed companies new investor
Also in the round
- F-Prime Capital new investor
- backs 71 venture-backed companies new investor
- Commerce Ventures new investor
- backs 133 venture-backed companies new investor
Comparable rounds
How it compares
8 Seed rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $2.8M, and this round was 1.6 times the median. The closest in time, other companies' Seed rounds in Investment Consultants & Financial Advisors:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Investment Consultants & Financial Advisors | 25 Nov 2016 | $2.5M | not disclosed | Bessemer Venture Partners |
| Investment Consultants & Financial Advisors | 4 May 2016 | $3.7M | not disclosed | Expansion Venture Capital and Saturn Partners |
| Investment Consultants & Financial Advisors | 1 Jan 2017 | $657K | not disclosed | K Fund and Encomenda |
| Stash Investment Consultants & Financial Advisors | 11 Feb 2016 | $3.0M | not disclosed | Goodwater Capital |
| Investment Consultants & Financial Advisors | 13 Jan 2016 | $3.0M | not disclosed | Samos Investments |
| Investment Consultants & Financial Advisors | 24 May 2017 | $640K | not disclosed | not named |
| Investment Consultants & Financial Advisors | 6 Jun 2017 | $5.0M | not disclosed | not named |
| Investment Consultants & Financial Advisors | 4 Dec 2015 | $2.0M | not disclosed | not named |
Sources
Where this comes from
Reported by 2 sources. The deal data marks this round as not yet confirmed by an official announcement. Unconfirmed
Questions
Frequently asked
How much did Vestwell raise in its Seed round?
Vestwell raised $4.5M in its Seed round, announced in Sep 2016.
Who led Vestwell's Seed round?
FinTech Collective led it, with F-Prime Capital, Primary VC, Commerce Ventures and NFX.
What was Vestwell's valuation at the Seed round?
It was not disclosed.
How does it compare with other Seed rounds in Investment Consultants & Financial Advisors?
8 Seed rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $2.8M, and this round was 1.6 times the median.
Did Vestwell raise again after this round?
Yes: a Series A round in Oct 2017 of $8.0M.