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Capitalize raises $12.5m in Series A funding

New York based retirement savings platform raised $12.5m in Series A funding led by Canapi Ventures.

“Each year, more than $20 billion in retirement savings is lost to taxes and penalties due to an inefficient rollover system, with millions of additional retirement accounts left behind when people change jobs," said Gaurav Sharma, company founder and CEO, in a statement.

Tags

retirement, wealth management