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New Deal


Announced

Completed

The Rise Fund led a $200m Series D funding round in Human Interest.

Financials

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Transaction Value£143m
Consideration TypeCash
Capital Owned-
Capital Bid For20%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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advising

FinTech

Friendly

Private

financial software

Minority

Acquisition

Venture Capital

Completed

United States

Cross Border

Private Equity

consulting services

Synopsis

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TPG-backed The Rise Fund, a global fund, led a $200m Series D funding round in Human Interest, a developer of an administration and advising platform. Other investors include SoftBank Vision Fund 2, Crosslink Capital, NewView Capital, Glynn Capital, US Venture Partners, Wing Venture Capital, Uncork Capital, Slow Capital and Susa Ventures. “Promoting financial health is a core investment pillar for The Rise Fund. Human Interest delivers one of the most compelling solutions to the persistent problem that roughly half of Americans will not have enough savings when they reach retirement age. Despite recent legislation, primarily at the state level, legacy programs have not, to date, produced the same participant outcomes as Human Interest.7 We are proud to join Human Interest in its mission to empower more Americans to save for retirement," Maya Chorengel, The Rise Fund Co-Managing Partner.

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