How much funding has NextCapital raised?

NextCapital has raised $82.0M in total funding, most recently a Growth Equity round.

Who are NextCapital's investors?

NextCapital's investors include Francisco Partners, Oak HC/FT, Manulife Capital Ventures, AllianceBernstein, Russell Investments, Transamerica Ventures.

When was NextCapital founded?

NextCapital was founded in 1996.

Where is NextCapital headquartered?

NextCapital is headquartered in Chicago, Illinois, United States.

What industry is NextCapital in?

NextCapital operates in Fintech.

How many employees does NextCapital have?

NextCapital has 51-200 employees.

NextCapital

Chicago, United States · Founded 1996 · $82.0M raised

Fintech

Headquarters: Chicago, Illinois
Employees: 51–200
Founded: 1996
Business Model: B2B

Website: nextcapital.com
Total Funding: $82.0M
Last Round: $30.0M Growth EquitySep 2020
Rounds: 4

About

NextCapital Group Inc. was a Chicago-based digital advice and managed accounts platform that helped financial institutions deliver personalized retirement planning to individual investors. Founded in 1996, the company built an open-architecture digital retirement advice solution offering integrated account aggregation, analytics, planning, and portfolio management capabilities. NextCapital served as a B2B technology provider, partnering with large financial institutions, recordkeepers, and retirement plan sponsors to deliver automated, individualized advice to participants in 401(k) and other workplace retirement plans. NextCapital raised multiple rounds of funding including a $30 million Series D in September 2020. In March 2022, Goldman Sachs announced its acquisition of NextCapital, which was completed in August 2022.

Summary

NextCapital is a Fintech company based in Chicago, United States, founded in 1996. It has raised $82.0M in total across 4 rounds, most recently a $30.0M Growth Equity round in Sep 2020. Investors include Francisco Partners, Oak HC/FT and Manulife Capital Ventures.