Vestwell

Vestwell provides a digital savings platform that enables businesses, advisors, institutions, and individuals to offer and manage various savings and retirement plans.

Latest funding

$385M Series B+ · February 18, 2026

Led by Blue Owl Capital · Source: fundraisingfox.com

Total raised: $622.5M across 6 sourced rounds

All 6 rounds ↓

Website: vestwell.com.

X: @Vestwell · 1,256 followers.

LinkedIn: vestwell.

Categories: Lending and credit Fintech Education.

Stage: Series B+.

Founded: 2016.

Total raised: $622.5M in 6 sourced rounds.

Last round: Feb 18, 2026 · 270 days ago.

Headcount: 501–1000 employees.

On Recent Funding since: Sep 29, 2026.

Signals

X account@Vestwell · created Mar 12, 2016 (10 years old) · 1,256 followers

Website registeredDec 28, 2011 (14 years old)

About Vestwell

The platform supports workplace retirement options like 401(k) and 403(b) plans, as well as education, emergency, student loan repayment, and disability savings. Vestwell makes money by offering plans to employers, financial advisors, and individuals.

TIMELINE · MONEY RAISED

Vestwell | 192 days from X account to first raise on record

@Vestwell·Raised $623M in 6 sourced rounds·1 signal before the first raise

Money raised, round by round (amounts linked to their source). Pins are dated signals; hover the icons for dates.

Funding rounds

Date	Round	Amount	Lead	Source
Feb 18, 2026	Series B+	$385M	BBlue Owl Capital	fundraisingfox.com
Dec 22, 2023	Series B+	$125M	LLightspeed	finsmes.com
Jul 20, 2021	Series B+	$70M	WWells Fargo Strategic Capital	vestwell.com
Apr 2, 2019	Series B+	$30M	GGoldman Sachs Principal Strategic Investments	prnewswire.com
Oct 2, 2017	Series A	$8M	FF-Prime Capital	finsmes.com
Sep 20, 2016	Seed	$4.5M	FFinTech Collective	finsmes.com

Timeline

March 12, 2016
X account created
December 28, 2011
Website created

Founders and team

AS
Aaron Schumm Founder & CEO

@AaronSchumm · LinkedIn · source: vestwell.com
DS
David Sheen Chief Financial Officer
DM
Douglas Magnolia Chief Customer Officer & President
JC
Juliana Crist Head of ABLE Programs
MT
Michelle Tran Head of Enterprise Sales, SVP
SC
Susan Collins Consultant

Acquisitions

Acquired company	Price	Announced
AAccrue 401k	Not disclosed publicly	Dec 9, 2025
SSumday	Not disclosed publicly	Date not given
GGradifi, Inc	Not disclosed publicly	Date not given

Investors

Companies like Vestwell

PPressPayNgSeed · Mar 2026
PPayitoff$8.5M Seed · Nov 2021
BBitwarden$100M Series B+ · Sep 2022
UUpgrade$165M Series B+ · Oct 2025
HHomewise
FFi Money$15M Series B+ · Aug 2022

Other companies backed by Blue Owl Capital

CCAIS$170M Series B+ · Jul 2026
AAlphaSense$350M Series B+ · Jun 2026
AAllica$155M Series B+ · Feb 2026
TTorl Bio$96M Series B+ · Oct 2025
NNeuron23$97M Series B+ · Jun 2025
JJuniper Square$130M Series B+ · Jun 2025

Blue Owl Capital portfolio →

Sources and API

Every amount links to the page it came from. * Estimated from an accelerator's published standard deal, not a company-specific disclosure. How Recent Funding sources and verifies funding data. The same data as JSON: /api/v1/companies/vestwell (get a free API key).