$ 1 billion value of retirement plan agency Human Curiosity after remaining funding
Aug. 4 (Reuters) – Human Interest, a startup enabling companies to help its employees save for retirement, announced Wednesday that it was in a round of funding led by TPG’s The Rise Fund and SoftBank Vision Fund 2,200 million US dollars has raised companies with one billion dollars.
The investment is made prior to the company’s preparation for an IPO, with Mike Armsby previously named chief financial officer. Armsby previously led the IPO of information technology company Yodlee, which has since been delisted.
San Francisco-based Human Interest, founded in 2015, offers 401 (k) plans with no transaction fees. It works with small and medium-sized businesses to offer their employees affordable retirement plans.
New investor Crosslink Capital, a San Francisco-based venture capital company, also participated in the financing round. Existing investors such as NewView Capital and Glynn Capital also took part in the round.
Human Interest will employ 200 people nationwide by the end of the year, it said. The number of employees has already doubled to 350 in the last 12 months.
The company has now raised $ 305 million in the past 12 months, it said.
Reporting by Niket Nishant in Bengaluru; Arrangement by Krishna Chandra Eluri