.jpg){kind=avatar}
The round was led by Blue Owl Capital and Sixth Street Growth, with participation from new and existing investors, including Neuberger Berman, SLW, Morgan Stanley, Franklin Templeton, TIAA Ventures, and HarbourVest. The financing doubles Vestwell's valuation since its 2023 Series D and brings total capital raised to $660m. Vestwell has surpassed $200m in annual recurring revenue and continues to grow profitably. The financing reflects investor confidence in Vestwell's role as the infrastructure layer for how Americans save.
"We're focused on an ambitious goal to close the $50 trillion savings gap in America," said Aaron Schumm, founder and CEO of Vestwell. "This capital allows us to move faster on the work that matters most. It reflects strong confidence from leading investors in our unified savings platform and our ability to scale across payroll, partners, and products. We're deepening the intelligence behind the platform and expanding access beyond retirement so more people can save in ways that best fit their lives."
