Betterment, the largest independent roboadviser with $11 billion under management, provides algorithm-based online and mobile financial advice. It raised $70 million in a funding round in July led by Swedish investor Kinnevik, giving it an $800 million valuation. According to a list of investment opportunities from EquityZen, a platform for pre-IPO shares, shares are now being offered at an implied valuation of over $1 billion. Betterment, a roboadviser with $11 billion under...
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