Principly
AcquiredThe simpler, smarter way to 529
San Francisco, United States · $9.5M raised
- Headquarters
- San Francisco, California
- Employees
- 11–50
- Total Funding
- $9.5M
- Last Round
- $9.5M Series ADec 2023
- Rounds
- 1
About
Principly (operating as Backer) is a fintech platform that simplifies 529 college savings plans for families. Parents can open a 529 account in minutes, then invite grandparents, relatives, and friends to contribute directly — turning college savings into a community effort. The platform has helped over 200,000 parents and kids avoid an estimated $500 million in future student debt. Principly is an SEC-registered investment adviser operating under the Backer tradename, making tax-advantaged education savings accessible and social.
Summary
Principly is an Education company based in San Francisco, United States. It has raised $9.5M in total across 1 round, most recently a $9.5M Series A round in Dec 2023. Investors include WndrCo.
Funding History
Dec 2023
Investors
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