Guideline, a San Francisco, CA-based online retirement planning startup, completed a $7m Series A round of financing.
The round was led by Propel Venture Partners with participation from existing investors New Enterprise Associates and Lerer Hippeau Ventures.
The company intends to use the funds to continue to grow proprietary platform and partnerships.
Led by CEO Kevin Busque, Guideline provides an all-inclusive 401(k) technology platform for businesses that handles plan administration, including set-up, participant enrollment and education, recordkeeping, investment management, compliance, and reporting.
The platform features a one flat fee per participant.