Vestwell, a savings and investment platform backed by Goldman Sachs Group Inc., has raised $125m in a new funding round as the startup seeks to expand its product offerings. Vestwell describes itself on its website as a cloud-based record-keeping platform that helps clients more easily offer, administer and access workplace investment and savings programs. Goldman led its Series B funding in 2019 and participated again in the following round two years later.
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Goldman-backed Vestwell raises funds at $1b valuation
"The company will likely turn profitable in the next 18 months and an initial public offering is a very real possibility."
