USA, BrightScope Secures $2M in Series B Funding

BrightScope, a 401k ratings and analytics firm, raised $2m in Series B funding led by an angel investment from Jim Caccavo of Steelpoint Capital Partners joined by a group of operating executives and principals from hedge funds and private equity firms.
BrightScope, that quantitatively rates 401k plans and gives employers, employees, and brokers tools to enhance plan performance and maximize retirement outlook, will use the capital in order to build out its database of 401k plan data and analytics, and further develop its robust suite of products and services.
In an official statement, Mike Alfred, CEO and co-founder of BrightScope, was quoted as saying: “We are thrilled to close this round of financing in what is clearly an extremely difficult economic environment. 
“The fact that we’ve raised this funding from such high caliber investors speaks volumes about BrightScope’s commanding position in the burgeoning market for retirement plan information and analytics”.

Join the discussion