Vestwell, founded in 2016 and headquartered in New York City, has raised a total of $290 million across five funding rounds, reaching a $1 billion valuation as of December 2023. The latest $125 million Series D round, led by Lightspeed Venture Partners, supports expansion into state-savings initiatives and new retirement programs. Previous rounds include $70M Series C, $30M Series B, $8M Series A, and $4.5M Seed funding. With 251–500 employees, Vestwell’s digital platform simplifies 401(k), IRA, and 529 savings plans for over 300,000 businesses nationwide.