News and Analysis

NextCapital raises $30m

NextCapital in Chicago raises $30m in a Series D round led by FP Credit, the credit investment arm of Francisco Partners. Oak HC/FT and IA Capital Group also participated.

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Chicago-based NextCapital, which provides personalized planning and managed accounts to individual investors for 401(k), IRA and taxable brokerage accounts, said it has raised $30 million in Series D funding. The round was led by FP Credit, the credit investment arm of Francisco Partners. Oak HC/FT and IA Capital Group also participated in the funding. The company, founded in 1996, has now raised $85 million in total financing.

Source: Company announcement