Funding round
Vestwell Series A
Vestwell, which works in digital savings platform development in New York, raised $8.0M in a Series A round announced on 2 Oct 2017, led by F-Prime Capital Partners. 4 firms took part. It is Vestwell's second venture round on record; the one before was a Seed in Sep 2016.
$8.0M
Amount raised
Not disclosed
Post-money valuation
4
Investors
1 lead
Valuation
What this round says about the price
Vestwell did not disclose a valuation in this round. It came 13 months after Vestwell's Seed. It is 1.3% of the $623M Vestwell has raised in the venture rounds on record. Vestwell raised again 18 months later: a Series B round of $30M in Apr 2019. 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 1 Sep 2016, led by FinTech Collective $4.5M
- Series A this round 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
F-Prime Capital Partners led the round with 3 other firms.
Lead investor
- F-Prime Capital Partners new investor
Also in the round
- backs 71 venture-backed companies new investor
- backs 47 venture-backed companies new investor
- Commerce Ventures new investor
Joined the board: Ben Malka (F-Prime Capital Partners).
Use of proceeds
What the money is for
According to the announcement, the money goes to hiring, product development, geographic expansion, sales and marketing, scaling operations and working capital.
- Hiring
- Product development
- Geographic expansion
- Sales and marketing
- Scaling operations
- Working capital
Comparable rounds
How it compares
13 Series A rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $8.0M, and this round was close to the median. The closest in time, other companies' Series A rounds in Investment Consultants & Financial Advisors:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| Investment Consultants & Financial Advisors | 1 Oct 2017 | $18M | not disclosed | Fosun Pharma |
| Investment Consultants & Financial Advisors | 11 Oct 2017 | $8.0M | not disclosed | QED Investors |
| Investment Consultants & Financial Advisors | 18 Sep 2017 | $3.2M | not disclosed | Krungsri Finnovate |
| Investment Consultants & Financial Advisors | 10 Jan 2018 | $13M | not disclosed | Greycroft and The Raine Group |
| Investment Consultants & Financial Advisors | 31 Jan 2018 | $6.0M | not disclosed | Felicis |
| Investment Consultants & Financial Advisors | 10 Jan 2018 | undisclosed | not disclosed | Anthemis |
| Investment Consultants & Financial Advisors | 9 May 2017 | $8.0M | not disclosed | Edison Partners |
| Investment Consultants & Financial Advisors | 24 May 2018 | $12M | not disclosed | not named |
Sources
Where this comes from
Reported by 3 sources.
Questions
Frequently asked
How much did Vestwell raise in its Series A round?
Vestwell raised $8.0M in its Series A round, announced in Oct 2017.
Who led Vestwell's Series A round?
F-Prime Capital Partners led it, with Primary VC, FinTech Collective and Commerce Ventures.
What was Vestwell's valuation at the Series A round?
It was not disclosed.
How does it compare with other Series A rounds in Investment Consultants & Financial Advisors?
13 Series A rounds in Investment Consultants & Financial Advisors within a year either side disclosed an amount; the median was $8.0M, and this round was close to the median.
Did Vestwell raise again after this round?
Yes: a Series B round in Apr 2019 of $30M.