The round was led by Oak HC/FT, with participation from existing shareholders Manulife Financial, Transamerica Ventures, Vermont Seed Capital Fund and Route 66 Ventures. In conjunction with the funding, Oak HC/FT’s Patricia Kemp will join the NextCapital Board of Directors while Oak HC/FT venture partner Dan Petrozzo will join NextCapital as a Board Observer.
The company intends to use the funds to bring new digital advice capabilities to market and open up new strategic business channels.
Led by John Patterson, Chief Executive Officer, NextCapital provides institutions with an integrated and configurable platform to deliver automated personal financial advice, including holistic portfolio tracking, planning, savings advice, and portfolio management across multiple channels including 401(k), IRA, and taxable brokerage accounts.
The company powers digital advice strategies for leading brands such as John Hancock, Russell Investments, State Street Global Advisors, and Transamerica.
FinSMEs
04/01/2018