Fundz

Brightside Raises $35.1M in Series A Financing To Fuel Growth

PRIVATEJun 16, 2020

Amount Raised

$35 Million

Round Type

Series A

ChandlerFinancial ServicesEmployee Benefits

Description

 Brightside, the leading financial care platform for employers, today announced that it raised $35.1 million in Series A funding, led by Andreessen Horowitz (a16z) with participation from existing investors Comcast Ventures and Trinity Ventures, the a16z Cultural Leadership Fund, and others. This funding will be used to bring Brightside to more employers and families at a time when they need it most, and improve its financial health offering.

Quick answer

Brightside raised $35 Million in a Series A round, dated June 16, 2020. Brightside is based in Chandler, Arizona, United States.

How much did Brightside raise?
Brightside raised $35 Million in a Series A round on June 16, 2020.
What does Brightside do?
Brightside created Financial Care, a new category in employee benefits.
Where is Brightside based and how big is it?
Brightside is based in Chandler, Arizona, United States.
Who are the decision-makers at Brightside?
Fundz holds 1 contact at Brightside. Names and contact details are shown to Fundz members.

Source: Fundz verified event record.

Who else raised in Financial Services and Employee Benefits around the same time

Companies in the same sectors as Brightside that raised within 45 days of this round, from Fundz verified event records.

  • Nymbus raised $12M (Funding Round) on June 9, 2020.
  • BenePass raised $2.5M (Seed) on June 3, 2020.
  • Remitly Global raised $85M (Funding Round) on July 29, 2020.
  • Thought Machine raised $125M (Series B) on July 28, 2020.
  • Zeta Network raised $4.2M (Seed) on July 23, 2020.
  • CIM Group raised $40M (Corporate Round) on July 21, 2020.

Who to call at Brightside, and when

A new round usually means Brightside is about to hire and buy. The teams that reach out first get the meeting.

  • An alert the day Brightside raises, hires an executive or expands, scored against what you sell
  • The decision-makers there, with verified emails
  • Who you already know at Brightside, from your own LinkedIn network

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Company Information

Company

Brightside

Location

Chandler, Arizona, United States

About

Brightside created Financial Care, a new category in employee benefits. We’re on a mission to improve the financial health of the 7 in 10 working families living paycheck to paycheck. How? By partnering with progressive employers who understand financial wellness is a critical pillar to the wellbeing of their employees - and their organization. We then combine behavioral science, technology, and expertise to meet employees where they are, in the moments that matter most, and support them in establishing financial comfort. Our (human) Financial Assistants get to know every person they serve, listening without judgment to help them understand and overcome their unique needs and barriers to financial health. All to ultimately stretch the paycheck, minimize stress, and maximize hope. That - is our difference - providing Financial Care that leads to financial wellbeing.

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Fundz sees it the moment Brightside raises, hires an exec or expands, usually minutes after it happens, and tells you who to reach.

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Funding Insights

What this usually means
Typical timeline to Series B
Series A companies typically raise their next round in 10-18 months

Brightside raised. Fundz records a round at a median of 3.6 minutes from the SEC filing, with the decision-maker attached.

145 of these a day, filtered to the companies you pick, with the decision-maker attached.

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Fundz is a real-time business intelligence platform powered by agentic AI that proactively delivers personalized daily signals, including funding rounds, executive changes, M&A activity, 13F institutional filings, SEC 8-K events, investor activity, and website modifications, based on each user's watchlist and ICP. A trusted data source at firms such as BlackRock, Oracle, Kleiner Perkins, LinkedIn, HubSpot, and Cloudflare, Fundz democratizes the institutional-grade intelligence that previously required a PitchBook or Bloomberg terminal. Features include Daily Briefing for AI-powered daily briefings, and unified cross-signal alerts across 281,000+ organizations. Developers and data teams can access these signals programmatically via the Fundz Funding Data API, with transparent published pricing.