Pontera, a company dedicated to revolutionising the retirement landscape, has recently announced a substantial $60m capital injection.
The round was led by ICONIQ Growth and also saw additional participation from esteemed investors such as Blumberg Capital, Collaborative Fund, Hanaco Ventures, Lightspeed Venture Partners, and The Founders Kitchen.
This latest injection propels Pontera’s total investment to an impressive $160m, marking a significant milestone in its journey.
With the last round of funding already in Pontera’s coffers, the company wasn’t on the lookout for further capital. Recalling the hurdles faced during its early startup phase, Pontera prides itself on a cautious and deliberate approach to deploying funds. According to insights from ICONIQ, this calculated execution, coupled with a product that notably enhances the entire retirement landscape and an impressive quadrupling of revenue since the previous fundraising round, positioned Pontera as an enticing investment opportunity.
Yoav Zurel, CEO, Pontera, said, The timing is especially near to my heart as a company founder. With a significant Research and Development office in Israel, a country at war, this investment signals even stronger support for the talented team we’ve built. (We have maintained fully operational status with robust business continuity and employee support programs).
Looking ahead, the firm plans to allocate these funds towards strengthening its product development, bolstering the team, and fostering overall business growth.
The company anticipates doubling its team size within the next 24 months, inviting individuals interested in contributing to enhancing retirement solutions to explore opportunities on the Pontera Careers page.
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