.png)
.png)
.png)
Total amount raised
$754M+
Latest funding date
2025-10-31
Location
Human Interest has successfully navigated 12 funding rounds, attracting the support of 33 investors, including notable names like TPG and Marshall Wace. The company specializes in providing 401(k) plans tailored for small and medium-sized businesses.
Keep reading to explore the intricacies of Human Interest's fundraising journey and the investors backing this innovative platform.
Human Interest has raised over $800M across multiple funding rounds, backed by prominent investors including BlackRock, Marshall Wace, Baillie Gifford, Morgan Stanley, and The Rise Fund.
Keep reading to explore Human Interest's full fundraising journey.
What Is Human Interest?
Human Interest is an affordable, full-service 401(k) and 403(b) provider headquartered in San Francisco, California. Founded in 2015, the company helps small and medium-sized businesses offer retirement savings plans to their employees. Human Interest automates payroll deductions, handles compliance testing, recordkeeping, and IRS paperwork, aiming to make retirement plans accessible and affordable for the millions of Americans who work at smaller companies.
How Much Funding Has Human Interest Raised?
- Seed (Y Combinator)
- Amount Raised: USD 120,000
- Date: July 2015
- Lead Investors: Y Combinator
- Seed
- Amount Raised: USD 3,500,000
- Date: February 2016
- Lead Investors: Y Combinator, Uncork Capital, SV Angel
- Other Participants: Tuesday Capital, Slow Ventures, Susa Ventures, FundersClub, Joe Montana, Paul Buchheit, Justin Kan, Michael Seibel, Jared Friedman, Jake Gibson, Greg Brockman, Soma Capital
- Series A
- Amount Raised: USD 12,600,000
- Date: February 2018
- Lead Investors: Wing Venture Capital
- Other Participants: Y Combinator, Uncork Capital, SV Angel, Tuesday Capital, Slow Ventures, Susa Ventures, FundersClub, Great Oaks Venture Capital
- Series B
- Amount Raised: USD 15,400,000
- Date: August 2019
- Lead Investors: U.S. Venture Partners (USVP)
- Other Participants: Wing Venture Capital, Uncork Capital, Slow Ventures
- Series C
- Amount Raised: USD 105,000,000 (including a $55M extension)
- Date: February 2021 (extension announced; initial tranche in 2020)
- Lead Investors: Glynn Capital
- Other Participants: NewView Capital
- Series D
- Amount Raised: USD 200,000,000
- Date: August 2021
- Lead Investors: The Rise Fund
- Other Participants: NewView Capital, Wing Venture Capital, Crosslink Capital, Slow Ventures, Glynn Capital, USVP, Uncork Capital, SoftBank Vision Fund
- Valuation: USD 1,000,000,000
- Private Equity / Minority Investment (BlackRock)
- Amount Raised: Undisclosed
- Date: January 2023
- Lead Investors: BlackRock
- Notes: BlackRock acquired a minority stake. Human Interest disclosed approximately $500M in total funding to date at this announcement.
- Series E
- Amount Raised: USD 267,000,000 (primary and secondary financings, including a $25M debt component)
- Date: July 2024
- Lead Investors: Marshall Wace, Baillie Gifford
- Other Participants: Morgan Stanley
- Valuation: USD 1,330,000,000
- Series E Extension (Morgan Stanley Tactical Value)
- Amount Raised: USD 50,000,000
- Date: August 2025
- Lead Investors: Morgan Stanley Tactical Value
- Notes: Announced as part of the previously announced Series E round.
- Series Unknown
- Amount Raised: USD 100,000,000+
- Date: October 2025
- Lead Investors: Existing investors (Baillie Gifford, BlackRock, Marshall Wace, Morgan Stanley, TPG)
- Valuation: USD 3,000,000,000
Total Amount Raised: At least $754M based on disclosed funding rounds (with additional undisclosed amounts from the BlackRock-led 2023 round).
Key Investors
- Marshall Wace
- Details: Co-led the July 2024 Series E alongside Baillie Gifford. Also participated in the October 2025 round as an existing investor.
- Baillie Gifford
- Details: Co-led the July 2024 Series E alongside Marshall Wace. Continued participation in the October 2025 round.
- BlackRock
- Details: Led a minority investment round in January 2023. The world's largest asset manager, BlackRock's investment underscored Human Interest's role in the retirement savings ecosystem.
- The Rise Fund
- Details: Led the $200M Series D in August 2021, which valued Human Interest at $1 billion.
- Morgan Stanley Tactical Value
- Details: Invested up to $50M as part of the Series E extension in August 2025 and participated in the October 2025 round.
- Wing Venture Capital
- Details: Lead investor in the Series A and continued participation through later rounds.
- U.S. Venture Partners (USVP)
- Details: Led the Series B round in August 2019.
- Glynn Capital
- Details: Led the Series C round announced in February 2021.
What's Next for Human Interest?
Human Interest is positioning itself for continued growth in the retirement savings market. With a $3 billion valuation following its October 2025 funding round and approximately $200 million in annual recurring revenue expected by the end of 2025, the company is actively eyeing a potential future IPO. Human Interest continues to expand its platform capabilities and partnerships, including its collaboration with BlackRock on investment lineup enhancements, as it seeks to extend retirement plan access to more small and medium-sized businesses across the United States.
Use Clay to Get Funding Data
Sales professionals, leverage Clay's platform to access comprehensive fundraising data. Sign up for free today.
