Forerunner and Lux Capital led a $25m Series A round in Basic Capital.

Forerunner and Lux Capital, a venture capital firms, led a $25m Series A round in Basic Capital, a full-stack retirement platform, with participation from SV Angel, Box Group, Henry Kravis, HOF Capital, and Inspired Capital. "The engine of 401(k)s has not been significantly upgraded in 40 years. This new investment into Basic Capital, alongside policy changes emerging from Washington, D.C., represents a huge win for American workers as retirement plans get brought into the 21st century,” Abdul Al-Asaad, Basic Capital Founder and CEO.