Human Interest closes Series C round at $105m after new funding from Glynn Capital, an existing investor.
New investor NewView Capital also participated in the round that brings the total capital injected into Human Interest to $136.7m.
The SMB 401(k) provider had previously secured $50m to the Series C round in 2020 and the new raise saw it add a $55m capstone to the round.
“If we want to close America’s $28trn retirement savings gap, then we have to make it easier for small and medium-sized businesses to offer retirement savings plans, and we have to make saving automatic for employees. With every step, we’re getting closer to that vision,” said Jeff Schneble, CEO of Human Interest.
Human Interest will use the new funding to double the size of its engineering team and scale its unique technology platform and operations to help hundreds of thousands of employers with millions of employees—who previously had no access to 401(k)s—build their financial futures.
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