eRollover, Inc., an Atlanta, GA-based startup operating a web site that provides information and analytical and social media tools on retirement, closed on a Series A Round of funding of undisclosed amount.
The round, which was led by Imlay Investments, will be used for working capital, member acquisition, and technology development. In particular, the proceeds enable the company to increase brand awareness and develop its technical platform to provide additional applications, including mobile access.
In making the announcement of the deal, Tim Harrington, Chairman and CEO at eRollover, said, “With nearly $12 trillion currently held in various retirement accounts, 46% of individuals have no financial advisor, and don’t know who to trust.
“We’re providing information that was previously not available to the general public so people can make informed decisions”.