Goldman-Backed Vestwell Raises Funds at $1 Billion Valuation
- New York fintech gets $125 million in series D funding round
- Lightspeed, Blue Owl and HarbourVest are among investors
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Vestwell, a savings and investment platform backed by Goldman Sachs Group Inc., has raised $125 million in a new funding round as the startup seeks to expand its product offerings.
Lightspeed Venture Partners led the investment, according to a statement on Thursday. The transaction gives the New York-based fintech firm a valuation of about $1 billion, people familiar with the matter said, asking not to be identified discussing confidential information.