Propel Venture Partners has helped the retirement plan provider increase its overall funding to $344m by investing in a round led by General Atlantic.

Guideline, a US-based provider of retirement plans for businesses, has raised $200m in funding from investors including Propel Venture Partners, the venture capital firm established by financial services firm BBVA.

Growth equity firm General Atlantic led the round, which also featured investment firms Generation Investment Management and Greyhound Capital as well as VC firm Felicis Ventures.

Founded in 2015, Guideline provides 401(k) retirement plans for the employees of small and medium-sized businesses as well as the self-employed.  It has served…