Betterment adds $160m in growth capital

The Series F round was led by Treasury, with participation from existing investors.

New York-based Betterment, an independent digital investment adviser, has secured $160 million in growth capital comprised of a $60 million Series F equity round and a $100 million credit facility.

The Series F round was led by Treasury, with participation from existing investors, including Kinnevik, Bessemer Venture Partners, Francisco Partners, Menlo Ventures, Anthemis Group, Globespan Capital Partners, Citi Ventures, and Private Shares Fund, as well as new investor Aflac Ventures and ID8 Investments.

Source: Company press release