Icon Savings Plan, a San Francisco, CA-based provider of employee retirement savings plans, raised $3.2m in seed funding.
The round was led by Tom Blaisdell with participation from Rethink Impact, TASC Ventures, Kelly Innovation Fund, Portland Seed Fund, and Alumni Ventures.
The company intends to use the funds to expand operations and its business reach.
Led by Laurie Rowley, founder and CEO, Icon Savings Plan offers retirement savings plans for businesses and individuals. It enables companies of all sizes to offer a plan to their entire workforce. Employers pay no administration fees while participants pay a low flat monthly fee. Portfolios are comprised of low cost funds from asset managers like BlackRock and Vanguard.