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Personal Capital Brings in $25 Million to Grow its Wealth Management Platform

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Online wealth management platform, Personal Capital announced it has received $25 million in Series C funding.

The financing comes from existing investors:

  • Institutional Venture Partners (IVP)
  • Venrock

New investors also joined in:

    • Crosslink Capital, which led the round
    • BlackRock

All investors except BlackRock sit on Personal Capital’s board.

This new installment brings Personal Capital’s total funding to just over $52 million.

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Since the first of this year, the Redwood City-based startup has:

    • Doubled the number of users, now at 200,000
    • Doubled the amount of assets tracked, now at $20 billion
    • Doubled the number of paying clients, now at 700

Additionally, Personal Capital reports it’s managing $200 million in assets from those 700 paid clients.

To learn more about Personal Capital, watch its FinovateFall 2012 demo.