How much funding has Principly raised?

Principly has raised $9.5M in total funding, most recently a Series A round.

Who are Principly's investors?

Principly's investors include WndrCo.

Where is Principly headquartered?

Principly is headquartered in San Francisco, California, United States.

What industry is Principly in?

Principly operates in Education.

Principly

Acquired

The simpler, smarter way to 529

San Francisco, United States · $9.5M raised

Education

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.

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