Human Interest, a San Francisco, CA-based full-service 401(k) provider for small and medium-sized businesses (SMBs), raised approx. $10M in additional funding to upsize its Series C round to $50m.
The extension, led by Glynn Capital, came just over a month after the company announced a $40m Series C.
The additional capital will allow the company to double its engineering team by July 2020 in order to deepen the investment in technology.
Led by Jeff Schneble, CEO, Human Interest provides 401(k) benefits, the retirement savings plan and the investment know-how, accessible to small to midsize businesses and their employees. The company has helped more than 60,000 employees save for retirement at over 2,000 companies.