What is Human Interest?
Founded in San Francisco, Human Interest Inc. offers an affordable, full-service 401(k) and 403(b) solution designed to simplify retirement investing for small and medium-sized businesses. The company aims to provide employees across various industries with access to essential retirement benefits and a clear path toward financial independence. Investment advisory services are managed through its subsidiary, Human Interest Advisors, a Registered Investment Adviser.
How much funding has Human Interest raised?
Human Interest has raised a total of $601.9M across 6 funding rounds:
Angel/Seed
$3.5M
Series A
$11M
Series B
$15.4M
Series C
$105M
Series D
$200M
Series E
$267M
Angel/Seed (2016): $3.5M with participation from Susa Ventures, Slow Ventures, Soma Capital, SV Angel, SoftTech VC, and FundersClub
Series A (2018): $11M led by Wing Capital Group
Series B (2019): $15.4M supported by Wing VC, Uncork Capital, Slow Ventures, and U.S. Venture Partners
Series C (2021): $105M featuring GLYNN CAPITAL MANAGEMENT LLC, NewView Capital, and Oberndorf Enterprises
Series D (2021): $200M backed by SoftBank Vision Fund 2 and The Rise Fund
Series E (2024): $267M with participation from Marshall Wace and Baillie Gifford
Key Investors in Human Interest
Marshall Wace
Marshall Wace LLP is a global alternative investment manager specializing in long/short equity, indicating a focus on established and growth-stage companies.
Baillie Gifford
Baillie Gifford is an investment management firm with a history dating back to 1908, known for its long-term investment approach across various sectors.
Wing Capital Group
Wing Venture Capital is an early-stage investor focused on equipping founders with resources and partnerships, particularly in technology advancements like AI and data.
What's next for Human Interest?
The substantial enterprise-level funding, including the recent strategic investment, positions Human Interest for accelerated growth and further innovation in the retirement services market. This capital infusion is expected to fuel the expansion of its platform, enhance its service offerings, and broaden its reach to more businesses and employees. The company's focus on making retirement planning accessible and straightforward aligns with increasing demand for robust employee benefits, suggesting a strong trajectory for future development and market penetration.
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