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Total amount raised
$172.5M
Latest funding date
2025-09-24
Location
Albert has raised funding across multiple rounds, backed by investors including General Atlantic, CapitalG, Portage Ventures, QED Investors, and others. The most recent publicly known transaction is a Series Unknown round dated September 2025, led by Friends & Family Capital, with an undisclosed amount.
What Is Albert?
Albert is a Los Angeles-based personal finance app founded in 2016. The platform combines automated savings, budgeting, investing, and financial guidance tools—powered in part by AI—to help everyday Americans manage and improve their financial health. Albert serves millions of users seeking accessible and automated financial wellness solutions.
How Much Funding Has Albert Raised?
- Seed Round
- Amount Raised: USD 2,500,000
- Date: November 2016
- Lead Investors: Bessemer Venture Partners, 500 Startups, CFSI (Center for Financial Services Innovation)
- Seed Round
- Amount Raised: USD 5,000,000
- Date: May 2018
- Lead Investors: QED Investors, American Express Ventures, Portage Ventures
- Series A
- Amount Raised: USD 15,000,000
- Date: December 2018
- Lead Investors: Portage Ventures
- Participants: QED Investors, American Express Ventures
- Series B
- Amount Raised: USD 50,000,000
- Date: March 2020
- Lead Investors: CapitalG (Alphabet's independent growth fund)
- Participants: Portage Ventures, QED Investors, American Express Ventures
- Series C
- Amount Raised: USD 100,000,000
- Date: January 26, 2021
- Lead Investors: General Atlantic
- Participants: CapitalG, Portag3 Ventures, QED Investors
- Series Unknown (Secondary Transaction)
- Amount Raised: Undisclosed
- Date: September 2025
- Lead Investors: Friends & Family Capital
Total Amount Raised: At least $172.5M based on disclosed funding (the September 2025 round amount is undisclosed).
Key Investors
- General Atlantic
- Details: General Atlantic is a global growth equity firm. It led Albert's $100M Series C in January 2021, the largest single round in the company's history.
- CapitalG
- Details: CapitalG is Alphabet's (Google's parent) independent growth fund. It led Albert's $50M Series B in March 2020 and also participated in the Series C.
- Portage Ventures
- Details: Portage Ventures is a fintech-focused venture capital firm. It has participated in multiple Albert rounds including Series A, B, and C.
- QED Investors
- Details: QED Investors is a fintech-focused venture capital firm based in Alexandria, VA. It participated in Albert's Seed, Series A, B, and C rounds.
- Friends & Family Capital
- Details: Friends & Family Capital is a venture capital firm founded by the ex-Palantir CFO. It led Albert's most recent Series Unknown round in September 2025.
- American Express Ventures
- Details: American Express Ventures is the corporate venture arm of American Express. It participated in Albert's Seed (2018), Series A, and Series B rounds.
- Bessemer Venture Partners
- Details: Bessemer Venture Partners is a leading global venture capital firm. It participated in Albert's initial Seed round in November 2016.
What's Next for Albert?
Albert is focused on expanding its AI-powered financial wellness platform and continuing to grow its user base across the United States. The company is leveraging its strong investor backing to develop new features and deepen engagement with its millions of users seeking smarter, more automated ways to manage their money.
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