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New Deal


Announced

Completed

Lightspeed Venture led a $125m Series D round in Vestwell.

Synopsis

Lightspeed Venture, a private equity firm, led a $125m Series D round in Vestwell, a software company, with participation from Fin Capital, Primary Venture Partners, FinTech Collective, Blue Owl and HarbourVest. "We are deeply impressed by Vestwell for its groundbreaking infrastructure-first approach to solving the systemic savings problem in the US. Their commitment to the thoughtful execution of its plans assures us of its stability and growth potential in the workplace savings and investment space. The platform is already transforming the financial futures of countless Americans, demonstrating not only a strong, healthy enterprise SaaS business model but also a clear, decade-long vision. They're undeniably the dominant player and a true disruptor when it comes to the savings landscape – Lightspeed is excited to invest, and I'm proud to be joining the board and look forward to working closely alongside Aaron and his team to accelerate this company together," Justin Overdorff, Lightspeed Venture Partner.

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