Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
Subscribe
No Result
View All Result
Dataconomy
No Result
View All Result

Northwestern Mutual to Acquire Learnvest for $250 Million

by Dan Gray
August 23, 2015
in FinTech, News
Home Topics FinTech
Share on FacebookShare on TwitterShare on LinkedInShare on WhatsAppShare on e-mail

Alexa von Tobel CEO and Founder of Learn Vest announced that they will be acquired by 160 year-old insurance and financial planning giant Northwestern Mutual. Driven by the mission to help every household budget better, save for big trips, maximize investments, or something in between, Learn Vest was launched in Sept 2009.

LearnVest raised a $4.5 million Series A round, a $19 million Series B round, a $16.5 million Series C round, and a $28 million Series D round since 2009. Investors include Accel Partners, Northwestern Mutual, American Express Ventures, Claritas Capital, Ed Mathias of The Carlyle Group, and Todd Ruppert of T. Rowe Price.

LearnVest is committed to advancing research on the attitudes and behaviors of personal finance that drive people’s decisions, purchasing habits and financial motivations.  “Through our research we aim to develop the content, tools and financial planning resources that help transform our members’ relationship with money and set them on the path to a balanced financial life.”

While details of the deal remain undisclosed Alexa told Forbes in an interview:, “This propels the vision,”  “They have tremendous scale. We are going to take the innovative technology that has made LearnVest so special and we are going to be able to help scale it rapidly to another 4.2 million households. Not overnight but very quickly.”

(image credit: Joseph)


Join the Partisia Blockchain Hackathon, design the future, gain new skills, and win!


Tags: AcquisitionLearn VestNorthwestern Mutual

Related Posts

How did ChatGPT passed an MBA exam

How did ChatGPT passed an MBA exam?

February 2, 2023
Google code red: ChatGPT and You.com like AI-powered tools threatening the search engine. Moreover, latest Apple Search rumors increased the danger.

Google code red: ChatGPT, You.com and rumors of Apple Search challenge the dominance of search giant

February 2, 2023
T-Mobile data breach 2023 explained: Learn how did the leak happen and explore T-Mobile data breach history. It is not the first time of the company

T-Mobile data breach 2023: The telecom giant got hacked eight times in the last six years

January 20, 2023
Microsoft layoffs 2023: Amazon job cuts that affect 11,000 employees explained. Big tech layoffs continue... Learn why and what will happen next.

Microsoft layoffs will affect more than 11,000 employees

January 18, 2023
Exploring the strong growth of BaaS in the fintech sector

Exploring the strong growth of BaaS in the fintech sector

January 17, 2023
Medibank Data Breach Class Action: Compensation can reach up to $20,000 per person

Medibank Data Breach Class Action: Compensation can reach up to $20,000 per person

January 16, 2023

Comments 1

  1. peter pan says:
    7 years ago

    Too funny The purchase price is wrong. At 300 new clients a month times 12 months times $19 is basically $68,000 a year or one planner. Good concept but not a money maker. Northwestern Mutual bought the hope of a better technology software product then they have now. That’s it. The tech and product talent for LearnVest quit soon after the acquisition. Top other people were run out. Same executive board poor management remains. They still want to be run as a startup.

    Reply

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

LATEST ARTICLES

Cyberpsychology: The psychological underpinnings of cybersecurity risks

ChatGPT Plus: How does the paid version work?

AI Text Classifier: OpenAI’s ChatGPT detector indicates AI-generated text

A journey worth taking: Shifting from BPM to DPA

BuzzFeed ChatGPT integration: Buzzfeed stock surges after the OpenAI deal

Adversarial machine learning 101: A new cybersecurity frontier

Dataconomy

COPYRIGHT © DATACONOMY MEDIA GMBH, ALL RIGHTS RESERVED.

  • About
  • Imprint
  • Contact
  • Legal & Privacy
  • Partnership
  • Writers wanted

Follow Us

  • News
  • AI
  • Big Data
  • Machine Learning
  • Trends
    • Blockchain
    • Cybersecurity
    • FinTech
    • Gaming
    • Internet of Things
    • Startups
    • Whitepapers
  • Industry
    • Energy & Environment
    • Finance
    • Healthcare
    • Industrial Goods & Services
    • Marketing & Sales
    • Retail & Consumer
    • Technology & IT
    • Transportation & Logistics
  • Events
  • About
    • About Us
    • Contact
    • Imprint
    • Legal & Privacy
    • Newsletter
    • Partner With Us
    • Writers wanted
No Result
View All Result
Subscribe

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Policy.