Vested Ventures, the investment arm of global communications firm Vested, is investing in U-Nest, a Los Angeles, CA-based app for parents to put money into a tax-free savings account for their children’s future tuition.
The deal brought total funding raised to date to $2.45m.
The company intends to use the funds to build an app for Android and new features including a “gifting” option that lets others contribute funds into the 529 plan.
Led by founder and CEO Ksenia Yudina, U-Nest provides an app that allows parents to put money into a tax-free savings account for their children’s future tuition, via an easy-to-understand language, streamlined applications and no paperwork.
U-Nest is a fully accredited and registered Financial Advisor with the Securities and Exchange Commission. The company is also backed by the UCLA Anderson Venture Accelerator.