IGM Financial has returned to lead a $40m extension to the digital asset manager's series E round that was raised at a higher valuation than the first two tranches.
US-based digital wealth manager Personal Capital has received $40m in a series E extension led by IGM Financial, a subsidiary of financial services investment group Power Financial Corporation, to close the round at $115m.
Unnamed existing investors also participated in the extension, which was raised at a higher valuation than the initial $75m invested by Personal Capital across two tranches in May and December 2016 at a $500m valuation.
The company’s existing investors include financial services firms BBVA and…
