Year: 2022

Betterment Raises $160 Million in Growth Capital

Susan Ikola Financial

Today, we’re announcing that Betterment has secured $160 million in growth capital comprised of a $60 million Series F equity round and a $100 million credit facility. This moment comes as Betterment is the largest independent digital investment advisor with $32 billion in assets under management and nearly 700,000 clients.

The Series F round was led by Treasury, with participation from existing investors, including Kinnevik, Bessemer Venture Partners, Francisco Partners, Menlo Ventures, Anthemis Group, Globespan Capital Partners, Citi Ventures, and The Private Shares Fund, as well as new investors Aflac Ventures and ID8 Investments. The financing valued the company at nearly $1.3 billion.

The $100 million credit facility was established with ORIX Corporation USA’s Growth Capital group and Runway Growth Capital. ORIX’s Growth Capital group acted as lead arranger and agent.

The additional funding will be used to accelerate the record growth Betterment has delivered year-to-date across its core retail investment products and advisor solutions, and particularly its rapidly growing 401(k) offering for small and medium sized businesses.

“From day one, Betterment’s mission has been to make people’s lives better with easy-to-use, personalized investment solutions. The record growth and demand for Betterment products and services proves how well we deliver,” said Sarah Levy, Betterment’s CEO. “We are thrilled to have the support of new and existing investors who believe in our business model and are excited by the opportunity to support our growth. We’re using these funds to further cement our category leadership with rapid innovation on top of our already differentiated product suite and unique, multi-pronged distribution model that serves retail investors, advisors and small businesses.”

“I’ve seen first hand the strength of Betterment’s business model since its founding over a decade ago. Participating in Betterment’s next chapter as an investor is an exceptional opportunity,” said Eli Broverman, a co-founder of Betterment and a founder of Treasury. “I believe in Betterment’s team and vision, and we are thrilled to support the company’s future success.”

To all of our customers, we couldn’t have achieved this without you. Thank you!

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Tips For Hiring Pergola Contractors

Kimberly Finn Pergola Contractors , , , ,
Tips For Hiring Pergola Contractors

When it comes to hiring pergola contractors, there are several things you should keep in mind. While anyone can advertise that they can build a pergola, the reality may be quite different. To make sure that you get the best deal, ask for references and read testimonials from previous clients. When it comes to choosing a contractor, you want someone who has extensive knowledge and experience in this field. Here are some tips to help you hire the best pergola contractor. If you want to be sure you have the best pergola, look for the best pergola company.
pergola contractorsThe best contractor should have a diverse range of options. They should offer design options and experience with different types of pergolas. If you have an idea in mind, the contractor should be able to help you come up with a design that suits your taste. They should also be able to install features like automatic louvers, LED spots, and rain and wind sensors. Request a quote to find out what a contractor can do for your next project.
Pergolas can be tricky to install, and the construction of these structures must be well-thought-out. Pergola builders have experience with a variety of wood species and are knowledgeable about how to install them in various landscapes. They also understand the specific requirements of the space that they will be building in. Regardless of the style of your outdoor space, you can be sure that a professional will take the time to consider the needs of the site and make the best pergola possible.
A pergola can be built using various materials, including wood and vinyl. A pergola can be made from any material, but wood and vinyl are the most common. A pergola can also be made of fiberglass or aluminum, depending on your preference. It is important to choose a contractor who is experienced and can deliver the finished project on time and within budget. There are also many other things to consider when hiring a pergola contractor. There are many benefits of choosing a pergola contractor.
When hiring a pergola contractor, you need to ensure they are certified. There are many factors to consider, including the material, style, and price. You should look for a pergola contractor that is experienced in building them, including quality, durability, and customer service. Make sure you hire a certified professional if you want your pergola to be built correctly and to last. If you want to add extra features to your patio, you should hire pergola contractors.
Cost. The cost of a pergola depends on several factors, including how elaborate the design is, how much customization you want, and the amount of work it requires. If you want to save money and build it yourself, consider DIY, but remember to have a pergola installed by a professional. If you do it yourself, you’ll save approximately $3500, but if you hire a pergola contractor, you’ll end up paying as much as $5,000 or more.
Type of wood. While pressure-treated pine is the most affordable option, it will not last as long as cedar. Pine is also soft, so regular staining and sanding will be necessary to extend its lifespan. Premium woods, such as cedar, will cost more than pine, but they will last for four times as long. So, it’s worth it to spend a little extra money for a pergola contractor.
Size. Pergola contractors should be able to build a pergola with sufficient room for the structure and a good design. A pergola can be a great place to relax and enjoy the outdoors. It can be transformed into a dining area or an outdoor lounge area. In addition to the aesthetics, a pergola will add value to your home and increase its market value. If you’re aiming to add value to your property, it might be a good idea to hire a pergola contractor for the job.
Choosing the right roof for your pergola can make the difference between an attractive and functional outdoor space. You can choose from retractable, louvered, or fixed roofs. Some pergola contractors will install louvers in your pergola. These are typically made of cloth material. Louvered roofs cost about $85 per square foot. A standard 100-square-foot pergola costs about $1,000, while a more expensive pergola with louvers may cost twice as much.

Factors to Consider When Choosing a Dock Building Company

Jessica Mitchell Dock Building , , , ,
Dock Building

There are many different types of docks, each with specific geographic and use cases. It’s important to choose a professional with experience in dock building in your region. Top-Notch Dock Building requires good planning, thorough knowledge of the waterway’s unique features, and specialized skill. A professional can provide you with expert advice and design. They should have extensive experience in the area and understand the local climate and geography. Here are some of the essential factors to consider when choosing a dock building company.

Dock BuildingThere are two different ways to build a dock, with one being a bubble and the other a removal. The first thing to consider is the climate in your area. If you live in a cold climate, you’ll need to plan to keep your dock warm and dry in case the water freezes over. The materials used for the construction are also important factors. You may want to consult a local dock building company for advice.

Before you begin building your dock, make sure to measure each board and mark them with pencil lines so that you’ll know where to put fasteners. This will give you a clearer view of the layout of your dock. Likewise, if you’re working on a floating dock, you’ll want to make sure that the dock’s anchors are secure and stay in place even if the water levels fluctuate.

The dock building is an excellent example of industrial, architectural elegance. It serves a large marina of sailboats and has several amenities, including an office and washrooms. The dock building also houses various workshops for sailboats and boats. Its modern design pays homage to the waterfront and its history. If you’re looking for a modern and efficient workplace, look no further. There’s nothing quite like the Dock Building to help you achieve your goals.

Before you start building, choose a decking material for the dock. Whether it’s wood, composite decking, or both, the decking material is essential. The top surface of your dock will take a beating over the years, from waves to UV rays. Moreover, foot traffic will also wear down the decking. Hence, you should choose a material that will last long. You don’t want to put your dock underwater and be left with no place to stand.

The dock house, also known as a yard ramp, is essential for any warehouse. It can be installed on a warehouse floor or positioned at an angle. It can be built with extra insulating cladding if necessary. In addition, dock houses are often used to extend an existing warehouse. These buildings are usually erected in areas with strict HACCP requirements. They are also easy to move.

Wharves and piers are two of the most common types of docks. Piers are also used for industrial purposes. While ports are primarily for cruise ships and industrial use, they’re used for almost anything else. In some regions, wooden piers are used for fishing and are a perfect option. In addition to the dock itself, it is essential to consider how the structure will support the weight of your boat. For example, in some lakes, ice melts around the pole first, which minimizes heaving.

When considering what type of dock building is right for your needs, consider your dock’s design, construction, and maintenance. The best way to avoid these issues is to choose a designer with a background in dock building. This way, you can be confident in the final result. You will be pleased with the results. There are countless options for dock building, and your unique project can be the perfect fit for your needs and your budget.

Depending on the size and complexity of the dock you need, it is vital to determine the money you want to spend. A floating dock, for example, can cost as little as $1,000. Depending on its size and materials, a high-quality permanent dock can easily cost up to $75,000 or more. While you can build a floating dock, installing a piling-based dock will cost around $20-35 per square foot. This type of dock will require complex construction and installation labor and may not be suitable for some terrain.

If you need a more permanent structure, you can build a crib-style dock. These are the most expensive and permanent types of docks. You build a wooden foundation with treated timbers spaced in a repeating pattern along the lake bottom. Rocks are then added to form a stable foundation for the upper part of the dock. However, crib-style docks tend to fail prematurely if they are not built correctly.