Origin has successfully raised $68 million over three funding rounds, achieving a valuation of $400 million. The platform offers comprehensive financial planning services, including budgeting, investment options, and estate planning.
Keep reading to explore the intricacies of Origin's fundraising journey and the investors backing this innovative platform.
What Is Origin?
Origin, founded by Matthew Watson, is a pioneering financial services company based in San Francisco and São Paulo. The company was established to make financial planning accessible to everyone, regardless of their stage in life.
Origin offers a comprehensive employee financial wellness platform that integrates compensation, benefits, and personal finance management. The platform combines human financial planners with advanced financial technology to help employees create, execute, and track personalized financial plans.
With a team of 51-200 employees, Origin continues to innovate in the financial services sector, providing tools for budgeting, spending tracking, investing, and estate planning.
How Much Funding Has Origin Raised?
- Series A
- Amount Raised: $12 million
- Date: June 2020
- Lead Investors: Felicis Ventures
- Motivation Behind the Round: To expand Origin's services in providing automated financial planning as an employee perk, helping employees manage their finances better and addressing financial stress.
In total, Origin has raised $12 million and is currently valued at $400 million.
Key Investors
- Felicis Ventures
- Details: Felicis Ventures is a venture capital firm that focuses on early-stage investments. They have a reputation for backing transformative companies across various sectors.
- Investment Focus Areas: Consumer, enterprise, healthcare
- Notable Investments: Shopify, Fitbit, Credit Karma
- General Catalyst
- Details: General Catalyst is a venture capital firm that partners with founders from seed to growth stage. They aim to build companies that have a lasting impact on the world.
- Investment Focus Areas: Software, healthcare, consumer
- Notable Investments: Airbnb, Stripe, Snap
- Founders Fund
- Details: Founders Fund is a San Francisco-based venture capital firm. They invest in companies across all stages and sectors, with a focus on technology and innovation.
- Investment Focus Areas: Technology, innovation, space
- Notable Investments: SpaceX, Palantir, Facebook
- Lachy Groom
- Details: Lachy Groom is an early employee of Stripe and an active angel investor. He focuses on fintech and technology startups.
- Investment Focus Areas: Fintech, technology
- Notable Investments: Various fintech startups
What's Next for Origin?
Origin stands at the cusp of significant growth, driven by the increasing demand for financial wellness solutions. With a broad array of products like spending, investing, and estate planning, the company is well-positioned to capture a diverse market. The potential to expand its customer base and enhance its platform with new features presents a substantial opportunity for growth.
Future fundraising efforts are likely as Origin scales its operations to meet this demand. The recent $12 million funding round from top VCs indicates strong investor confidence. However, challenges such as market competition and maintaining personalized services will need to be navigated carefully.
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