Capitalize Secures $19M Series B Funding Led by RRE Ventures
Slice of Finance Team
08/09/2024
Key Highlights:
- Capitalize raises $19M in Series B round, led by RRE Ventures.
- Platform helps consumers and financial institutions digitally transfer retirement assets.
- Enterprise business growth drives 6x increase in rollover volume and revenue.
- New funds to enhance technology and expand service offerings.
Source (Business Wire)
Quotes
“ "We’re thrilled to be partnering with RRE for this latest funding round, a firm we’ve long admired for their mission-driven approach and deep expertise within financial services and fintech." ”
Gaurav Sharma, Co-founder and CEO at Capitalize
Our Take:
Capitalize's successful Series B funding round underscores the significant demand for digitizing the traditionally cumbersome 401(k) rollover process. The company's rapid growth, particularly within its Enterprise business, highlights the value of seamless, tech-driven solutions in the financial services sector. As Capitalize continues to innovate and expand its platform, it is well-positioned to become a key player in modernizing retirement asset management.
