NextCapital, a Chicago-based digital adviser that partners with financial institutions and media companies to help individuals build and manage world-class, personalized and affordable investment portfolios.   NextCapital (formerly Business Logic) launched the industry's first defined contribution managed accounts platform in 2003. Today it's a leading provider of portfolio dashboards and wealth-forecasting software for 401(k) managed accounts. It serves more than 500,000 clients with over $70 billion in assets. Partners include Russell Investments, Transamerica, The Wall Street Journal, MarketWatch and Barron's. "We're a digital adviser that works with large partners to deliver world-class advice and investment management — at the lowest cost on the market," NextCapital CEO John Patterson said. "This global market requires a different approach — combining a new kind of platform for investors with a select group of long-standing players." In addition to Transamerica Ventures Fund and Russell Investments, other investors in the Series A funding include FinTech Collective, Kelvingrove Ventures and the Vermont Seed Capital Fund. Transamerica and Russell use NextCapital to deliver their respective investment expertise to individuals through the co-branded NextCapital platform.

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