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Capitalize Secures $19M Series B Funding Led by RRE Ventures

Author

Slice of Finance Team
19 Aug

Key Highlights:

  • Capitalize raises $19M in Series B round, led by RRE Ventures.

  • Platform helps consumers and financial institutions digitally transfer retirement assets.

  • Enterprise business growth drives 6x increase in rollover volume and revenue.

  • New funds to enhance technology and expand service offerings.

Source (Business Wire)

Notable Quotes:

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"We’re thrilled to be partnering with RRE for this latest funding round, a firm we’ve long admired for their mission-driven approach and deep expertise within financial services and fintech."

Gaurav Sharma, Co-founder and CEO at Capitalize
❝

"We’re honored to support Capitalize in its journey to bring retirement account transfers into the digital age."

Raju Rishi, General Partner at RRE Ventures

Our Take:

Capitalize's successful Series B funding round underscores the significant demand for digitizing the traditionally cumbersome 401(k) rollover process. The company's rapid growth, particularly within its Enterprise business, highlights the value of seamless, tech-driven solutions in the financial services sector. As Capitalize continues to innovate and expand its platform, it is well-positioned to become a key player in modernizing retirement asset management.