Ziegler Link-Age Fund II and affiliate funds of SoftBank Capital Employee both backed employee wellness service PayActiv, which has now raised more than $33m in total.
US-based financial wellness data provider PayActiv has received $20m in series B financing from investors including affiliate funds of SoftBank Capital, an investment vehicle for telecommunications firm SoftBank.
Ziegler Link-Age Fund II, a joint venture between senior data provider Link-age and investment bank Ziegler, also took part in the round, as did private equity firm Generation Partners. John Hawkins, managing partner at the latter, is joining PayActiv’s board of directors.
PayActiv runs a service that allows workers to access portions…
