Human Interest, a San Francisco, CA-based SMB 401(k) provider, raised $55M in additional Series C funding.
The extention round, which was Led by Glynn Capital, an existing investor, with participation from new investor NewView Capital, brings the round to $105M and total funding to $136.7M.
The company intends to use the funds to double the size of its engineering team and scale its technology platform and operations.
Founded in 2015 and led by CEO Jeff Schneble, Human Interest is a full-service 401(k) provider that allows small and medium-sized businesses to help their employees save for retirement. So far, the company has served nearly 3,000 businesses across America to offer retirement accounts to their more than 80,000 employees.
The company partners with over 400 brokers, financial advisors and payroll companies, with plans to increase its partner base to over 1,000 partners by the end of 2021.