- NextCapital, a Chicago, IL-based enterprise digital advice company, raised $30m in growth financing
- The round, which brings total funding to $85m, was led by FP Credit, the credit investment arm of Francisco Partners, a global investment firm
- The company also intends to use the funds to continue to expand operations and its business reach
- NextCapital enables its commercial partners to bring to market a full-stack digital advice solution that built to support the demanding requirements of large enterprises
- The company also enables scalable financial planning, advice, and managed accounts across leading financial institutions
- The company’s multi-channel solution supports defined contribution, IRA rollover, and retail accounts
