Citi and Aflac have contributed to a series F debt and equity round for the digital investment adviser which is now valued at almost $1.3bn.
US-based digital investment advisory service provider Betterment secured $160m of debt and equity financing yesterday in a series F round featuring financial services firm Citi and insurer Aflac.
Venture capital firm Treasury led the $60m equity part of the round, as did Bessemer Venture Partners (BVP), Francisco Partners, Menlo Ventures, Anthemis Group, Globespan Capital Partners, Kinnevik, The Private Shares Fund and ID8 Investments.
Citi and Aflac were represented by their dedicated investment vehicles, Citi Ventures and Aflac Ventures, and the…
