Funding round
Vestwell Series E
Vestwell, which works in digital savings platform development in New York, raised $385M in a Series E round announced on 18 Feb 2026, led by Blue Owl Capital and Sixth Street, at a $2.00B post-money valuation. 8 firms took part. It is Vestwell's sixth venture round on record; the one before was a Series D in Dec 2023.
$385M
Amount raised
$2.00B
Post-money valuation
$1.61B pre-money
8
Investors
2 leads
19%
Stake sold
new money over the post-money
Valuation
What this round says about the price
This round priced Vestwell at $2.00B after the new money. The $385M bought investors about 19% of the company. It came 26 months after Vestwell's Series D. It is 62% of the $623M Vestwell has raised in the venture rounds on record. No later venture round is on record for Vestwell.
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 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 this round 18 Feb 2026, led by Blue Owl Capital and Sixth Street $385M$2.00B post-money
Investors
Who put money in
Blue Owl Capital and Sixth Street led the round with 6 other firms.
Lead investors
- Blue Owl Capital backs 36 venture-backed companies new investor
- Sixth Street backs 34 venture-backed companies new investor
Also in the round
- Neuberger Berman new investor
- SLW new investor
- Morgan Stanley backs 120 venture-backed companies new investor
- Franklin Templeton new investor
- TIAA Ventures new investor
- HarbourVest backs 37 venture-backed companies new investor
Use of proceeds
What the money is for
According to the announcement, the money goes to scaling operations.
- Scaling operations
Comparable rounds
How it compares
The closest in time: Series E rounds in any sector within 6 months:
| Company | Announced | Amount | Post-money | Led by |
|---|---|---|---|---|
| SambaNova Tech Companies | 24 Feb 2026 | $350M | $2.24B | Vista Equity Partners and Cambium Capital |
| Runway Tech Companies | 10 Feb 2026 | $315M | $5.30B | General Atlantic |
| Medical Laboratories | 19 Feb 2026 | $5.0M | not disclosed | not named |
| Tech Companies | 6 Jan 2026 | $20.00B | not disclosed | not named |
| Ayar Labs Electronical Components Manufacturing | 3 Mar 2026 | $500M | $3.75B | Neuberger Berman |
| Quince Clothing Stores | 11 Mar 2026 | $500M | $10.10B | ICONIQ Capital |
| Redwood Materials Batteries | 28 Jan 2026 | $425M | $6.00B | GV and Eclipse |
| Baseten Software Development Services | 23 Jan 2026 | $300M | $5.00B | Institutional Venture Partners and CapitalG |
Sources
Where this comes from
Reported by 5 sources.
Questions
Frequently asked
How much did Vestwell raise in its Series E round?
Vestwell raised $385M in its Series E round, announced in Feb 2026.
Who led Vestwell's Series E round?
Blue Owl Capital and Sixth Street led it, with Neuberger Berman, SLW, Morgan Stanley, Franklin Templeton and TIAA Ventures and 1 more.
What was Vestwell's valuation at the Series E round?
$2.00B post-money ($1.61B pre-money).