Vestwell raised $385 million in a Series E round led by Blue Owl Capital and Sixth Street Growth, doubling its valuation since 2023 and bringing total funding to $660 million. The company now exceeds $200 million in annual recurring revenue, supports over 2 million savers, and manages $50 billion in assets. Vestwell will use the new capital to expand distribution through payroll and government channels, and to advance AI-driven personalization and professionally managed investment solutions. The company aims to become core infrastructure for the U.S. savings ecosystem by addressing the $50 trillion retirement savings gap and scaling through acquisitions such as Accrue 401(k) and expanded institutional partnerships.

Vestwell Raises $385 Million, Doubles Valuation