
Total amount raised
$400 Millions
Latest funding date
August, 2021

Location
Origin has successfully raised $56 million in a Series B funding round, with notable investors including 01 Advisors and northstar.vc. The platform offers comprehensive financial planning tools, managing compensation, benefits, and personal finances for employees.
Keep reading to explore the intricacies of Origin's fundraising journey and the investors backing this innovative platform.
What Is Origin?
Origin, founded in 2018 by João de Paula and Matt Watson, is headquartered in Boston, Massachusetts. The company specializes in financial planning, offering tools to manage compensation, benefits, and personal finances for employees.
With a team of 101-250 employees, Origin integrates human financial planners and advanced financial technology to provide comprehensive financial wellness solutions. Their platform aims to make financial planning accessible to everyone at every stage of life.
Origin's services include budgeting, tracking spending, investing, and estate planning, all designed to simplify wealth management and empower users to take control of their financial future.
How Much Funding Has Origin Raised?
- Pre-Seed Round
- Amount Raised: Not publicly disclosed
- Date: February 2019
- Lead Investors: Not publicly disclosed
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To kickstart the development of Origin's financial planning platform.
- Seed Round
- Amount Raised: $4M
- Date: November 2019
- Lead Investors: Abstract
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To expand the team and accelerate product development.
- Series A
- Amount Raised: $12M
- Date: June 2020
- Lead Investors: Felicis
- Valuation at Round: Not publicly disclosed
- Motivation Behind the Round: To scale operations and enhance the platform's features.
- Series B
- Amount Raised: $56M
- Date: August 2021
- Lead Investors: 01 Advisors, General Catalyst, Lachy Groom
- Valuation at Round: $400M
- Motivation Behind the Round: To accelerate customer expansion and new product innovation.
Total Amount Raised: $72M. Current Valuation: $400M.
Key Investors
- 01 Advisors
- Details: 01 Advisors is a venture capital firm co-founded by former Twitter executives Dick Costolo and Adam Bain. The firm focuses on investing in technology companies with innovative solutions.
- Investment Focus Areas: Technology, FinTech, SaaS
- Notable Investments: Twitter, Robinhood, Brex
- General Catalyst
- Details: General Catalyst is a venture capital firm that invests in early-stage and growth-stage companies. The firm aims to drive positive, enduring change across various sectors.
- Investment Focus Areas: Healthcare, FinTech, Consumer, Enterprise
- Notable Investments: Airbnb, Stripe, Snap
- Lachy Groom
- Details: Lachy Groom is an individual investor known for backing early-stage technology companies. He has a strong focus on fintech and software startups.
- Investment Focus Areas: FinTech, SaaS, Consumer
- Notable Investments: Figma, Notion, Rippling
- Felicis Ventures
- Details: Felicis Ventures is a venture capital firm that backs bold founders building iconic companies. The firm invests in early-stage companies with transformative technologies.
- Investment Focus Areas: FinTech, Healthcare, Consumer, Enterprise
- Notable Investments: Shopify, Plaid, Adyen
- Abstract
- Details: Abstract is a venture capital firm that invests in early-stage technology companies. The firm focuses on innovative and scalable solutions.
- Investment Focus Areas: Design, SaaS, FinTech
- Notable Investments: Notion, Figma, Webflow
What's Next for Origin?
Origin stands at the cusp of significant growth opportunities, driven by the increasing demand for financial wellness benefits in the workplace. With $56 million raised in their Series B funding round, the company is well-positioned to expand its customer base and innovate new products. The platform's comprehensive services, including personalized financial advice and literacy workshops, cater to the growing need for financial planning amid the ongoing pandemic.
Future fundraising rounds seem likely as Origin continues to scale and attract high-profile investors. However, the company will need to navigate challenges such as maintaining rapid growth, ensuring platform scalability, and competing with other financial wellness providers. By addressing these hurdles, Origin can solidify its position as a leader in the financial wellness industry.
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