Fresh Capital

LearnVest Takes $16.5M in New Financing, Gets Ready to Go Big

One step at a time.

Today the bank accounts of the financial planning service LearnVest are a little more flush. The company announced this morning that it’s raised $16.5 million from current investor Accel Partners, as well as new participants American Express Ventures, Claritas, Carlyle Group founding member Ed Mathias and former T. Rowe Price CEO Todd Ruppert.

They’ve also signed up additional advisors, like Gilt Groupe chairman Susan Lyne and the former CFO of Weight Watchers.

“We were in a position where this came to us,” CEO Alexa von Tobel told Betabeat. “We were not fund-raising–we actually got the term sheet a week before my wedding.” Read More