What is Human Interest?
Founded in 2015 and headquartered in San Francisco, Human Interest operates as a full-service retirement benefits provider. The company specializes in simplifying the complex administrative requirements of 401(k) and 403(b) plans for small and medium-sized businesses. Through its subsidiary, Human Interest Advisors, the firm provides registered investment advisory services, effectively bridging the gap between employer-sponsored benefits and employee financial independence. By leveraging automated platforms, the company has carved out a niche in the fintech ecosystem, focusing on accessibility and ease of use for businesses that have historically been underserved by traditional financial institutions.
How much funding has Human Interest raised?
Human Interest has raised a total of $601.9M across 6 funding rounds:
Angel/Seed
$3.5M
Series A
$11M
Series B
$15.4M
Series C
$105M
Series D
$200M
Series E
$267M
Angel/Seed (2016): $3.5M with participation from SoftTech VC, FundersClub, Soma Capital, Slow Ventures, Susa Ventures, and SV Angel
Series A (2018): $11M led by Wing Capital Group
Series B (2019): $15.4M supported by U.S. Venture Partners, Uncork Capital, Slow Ventures, and Wing VC
Series C (2021): $105M featuring GLYNN CAPITAL MANAGEMENT LLC, NewView Capital, and Oberndorf Enterprises
Series D (2021): $200M backed by The Rise Fund and SoftBank Vision Fund 2
Series E (2024): $267M with participation from Marshall Wace and Baillie Gifford
Key Investors in Human Interest
Marshall Wace
Marshall Wace LLP is a global alternative investment manager specializing in long/short equity. The company was founded in 1997 and is headquartered in London, United Kingdom.
Baillie Gifford
Baillie Gifford is an investment management firm that specializes in giving investment advice. Baillie Gifford was founded in Edinburgh in 1908 and still has its headquarters in the city.
The Rise Fund
The Rise Fund, founded in 2016, is an impact investing platform that focuses on investing in growth-stage, mission-driven companies aligned with the United Nations' Sustainable Development Goals.
What's next for Human Interest?
Following the recent capital injection, Human Interest is expected to prioritize the scaling of its enterprise-level operations. The strategic focus will likely involve deepening its product integration, enhancing user experience for plan participants, and expanding its market share among mid-market employers. As the company matures, the emphasis will shift toward long-term sustainability and the continued optimization of its retirement savings technology stack. With a robust history of backing from both venture growth firms and global investment managers, the company is poised to maintain its momentum as a leader in the digital retirement benefits space.
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