Vestwell doubles valuation to 2 billion dollars after raising 385 million dollars in new funding
The digital savings platform raised 385 million dollars today to expand its services. The firm now manages more than 50 billion dollars in client assets.
Insights:
Vestwell announced on February 18, 2026, that it has raised $385 million in a Series E funding round, a move that doubles the company’s valuation to $2 billion. The financing was co-led by Blue Owl Capital Inc. and Sixth Street Specialty Lending, Inc. , following a $125 million Series D round that was completed in December 2023. This significant infusion of capital comes as the company reports material scale and profitable growth within the retirement-savings-platform sector.
The Series E round included participation from multiple institutional investors, such as Neuberger Berman, SLW, Morgan Stanley , Franklin Resources, Inc. , TIAA Ventures, and HarbourVest. These investors are backing a platform that now reports more than 2 million active users and manages over $50 billion in assets. Vestwell also disclosed that its annual recurring revenue has surpassed $200 million, underscoring the company’s rapid expansion since its previous funding round just over two years ago.
