Brightside Raises $33M in Series B Funding


Brightside, a San Francisco, CA, Chandler, AZ, and Philadelphia, PA-based provider of a financial care platform for employers, raised $33M in Series B funding.

The round was led by Obvious Ventures, with participation from Andreessen Horowitz, Trinity Ventures, Clocktower Technology Ventures and Chestnut Street Ventures.

The company intends to use the funds for continued rapid growth and platform enhancements, including additional AI-driven capabilities to further elevate its product experience.

Led by CEO Tom Spann, Brightside provides provides a platform for employees and their families to address personal finance need with unbiased, individualized, hands-on support. A proprietary rules engine, and innovative products help families save money while improving emergency savings and reducing debt, resulting in improved productivity, retention, and workforce diversity while lowering healthcare costs. Currently supporting over 300,000 families, the company serves leading Fortune 500 employers with frontline workers in industries such as manufacturing, distribution, and healthcare.