- Capitalize, a New York-based independent platform to transfer retirement assets, closed a $2M seed funding round
- The round was led by Bling Capital, with participation from Greycroft, RRE Ventures and Walkabout Ventures
- The new funding will allow the company to build out its retirement platform capabilities and hire additional team members focused on operations, product, and engineering
- Capitalize guides users through an online process to offer a streamlined alternative to the historically complicated, manual process of rolling over retirement accounts for free
- Then the platform instantly locates former 401k accounts, matches users to individual retirement accounts at leading financial institutions
- The platform also supports employers by helping them lower fees paid to administer their 401k plan
