Personal Capital, a Redwood City, CA-based start up that offers a full suite of customer-centric retail investment management, banking and personal finance services, has raised $25m in Series A and B venture financing rounds.
The financings include a Series A round led by Institutional Venture Partners (IVP), and a Series B round led by Venrock, with participation from IVP.
The company, which just came out of stealth mode, is led by a team of technology and financial services executives, including former PayPal and Intuit CEO, Bill Harris (Chief Executive Officer), EverBank co-founder and former Fidelity Investments Personal Trust Company President, Rob Foregger (Chief Strategy Officer), former E-Loan CIO, Jay Shah (Chief Information Officer).
In conjunction with the funding, Brian Ascher, partner at Venrock, will join Personal Capital’s Board of Directors, along with Steve Harrick, General Partner at IVP.
The company is currently hiring (http://www.linkedin.com/jobs/c-Personal-Capital).
FinSMEs
26/08/2011