Automated 401 (k) provider Human Interest has extended its Series C round with an additional $10m.
The fresh burst of funds was led by Glynn Capital and puts the firm total Series C funding to $50m, according to a report from TechCrunch.
Human Interest chose to raise more funds because it has seen some of its strongest sales months and is looking towards a 2-3-times year-over-year growth in customer acquisition, the report said.
Funds will be used to capitalise on the growth prospects, it said. This will include the doubling of its engineering and its go-to-market teams.
Human Interest previously secured $40m in the round back in March, which was led by Oberndorf Enterprises.
The FinTech helps SMEs and employees improve their retirement plans through automated 401 (k) plans. The plans, which can be integrated with 15 payroll providers. Its platform supports customisation, built-in investment advice and automated daily administration.
The FinTech has been raising a lot of capital of late. It Series B closed in August 2019 on $15.3m, with contributions coming from ?U.S. Venture Partners, Wing VC, Uncork Capital and Slow Ventures.
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