Company profile

Vestwell

Vestwell, founded in 2016 and headquartered in New York City, has raised a total of $290 million across five funding rounds, reaching a $1 billion valuation as of December 2023. The latest $125 million Series D round, led by Lightspeed Venture Partners, supports expansion into state-savings initiatives and new retirement programs. Previous rounds include $70M Series C, $30M Series B, $8M Series A, and $4.5M Seed funding. With 251–500 employees, Vestwell’s digital platform simplifies 401(k), IRA, and 529 savings plans for over 300,000 businesses nationwide.

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Quick facts

Total funding: $290 million
Valuation: $1 billion
Founded: 2016
Headquarters: New York City
Employees: 251 to 500

Notable investors

Lightspeed Venture Partners

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