Guideline, a Burlingame, CA-based provider of an all-inclusive 401(k) plan for growing businesses, raised $15m in Series B financing.
The round was led by Felicis Ventures. In conjunction with the funding, Felicis Founder and Managing Director, Aydin Senkut, joined Guideline’s Board of Directors.
The company intends to use the funds to continue to expand operations.
Co-founded by CEO Kevin Busque, CTO Mike Nelson, and Chief Designer Jeremy Caballero, Guideline is an all-inclusive 401(k) provider designed for growing businesses, which leverages a technology platform to handle all plan administration, including setup, enrollment, education, recordkeeping, investment management, compliance, and reporting.
The platform directly integrates with many of the most popular payroll providers, like Gusto, OnPay, BambooHR, and Xero.
Launched publicly one year ago, the company has onboarded nearly 2,000 businesses across 48 states and amassed over $120m in assets under management.