UBS, Santander and New York Life contributed to a round that took the total raised by SigFig, the developer of a robo-advisor platform for banks, to $70m.
US-based wealth management technology provider SigFig secured $33m in equity funding yesterday from investors including insurance company New York Life and financial services firms UBS and Santander.
The corporates were joined by fund manager Eaton Vance Management,venture capital firms DCM Ventures, Nyca Partners and Union Square Ventures, and Bain Capital Ventures, a subsidiary of private equity firm Bain Capital. Santander participated in the round through its Santander InnoVentures unit.
Comerica Bank provided SigFig with a $7m credit facility in conjunction…
