Announced
Completed
Financials
Tags
FinTech
Completed
Private
Acquisition
Friendly
Private Equity
Domestic
fintech company
Minority
United States
Venture Capital
Single Bidder
Synopsis
Durable Capital Partners, a private equity investment firm, led a $100m Series C round in Facet Wealth, an SEC-registered investment adviser. Additional investors included Warburg Pincus, TeleSoft Partners, and Green Cow Venture Capital. “Facet is doing something innovative in personal finance. It stands at the forefront of an era in which people will benefit from the use of new technology that results in personalized financial plans suited for their specific needs and aspirations. With a strong team, we believe Facet is well-positioned for sustainable, long-term success," Henry Ellenbogen, Durable CIO.
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