Vestwell has raised $385 million in Series E funding. This doubles its valuation since 2023 and brings total capital raised to $660 million. The company has more than 2 million active savers. It manages $50 billion in assets. Its annual recurring revenue is $200 million. Led by Blue Owl Capital and Sixth Street Growth, this round saw major financial institutions participate. It shows strong investor confidence in Vestwell’s role in the U.S. savings ecosystem. The new funds will help expand distribution. This includes payroll, benefits platforms, financial institutions, and public programs.
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They will also speed up AI-driven, data-informed experiences. Additionally, they will extend savings options beyond retirement. Vestwell aims to widen access to personalized investment solutions. These options were previously available only to large institutional plans. “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.” Tim DeGrange of Blue Owl Capital added that Vestwell is “building long-term infrastructure for the savings ecosystem.”
