NextCapital Receives $6M in Funding

nextcapitalNextCapital (formerly Business Logic), a Chicago, IL-based provider of portfolio dashboards and wealth-forecasting software for 401(k) managed accounts, received $6m in funding.

The round was led by Russell Investments.

Co-founded by John Patterson, Dirk Quayle, Jon Hagen and Rob Foregger, NextCapital is the result of the combination of BusinessLogic Corporation and the NextCapital Group. The company provides solutions directly to retail investors and also works with multiple financial institutions including Russell Investments to deliver a defined contribution (DC) advisory solution and and Dow Jones, Inc. to deliver a personal portfolio management dashboard service for the Wall Street Journal, Barron’s, and MarketWatch subscribers.
NextCapital has a team of 25 employees including software engineers skilled in the deployment of large scale, secure financial applications.

It currently services over 50,000 clients and analyzes more than $50 Billion in investor assets every day.



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