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Human Interest

Human Interest

Human Interest (formerly Captain 401) is a company that participated in the S15 cohort of Y Combinator. It offers 401(k) retirement plans for small businesses and startups. It was founded in 2015 and is located in San Francisco, California.

Human Interest is a San Francisco-based financial services company specializing in automated 401(k)s that are securities investor protection corporation insured and are intended for small businesses.It has the stated goal of aiding Americans with saving for retirement and also aiding small businesses with retaining employees with a benefits package containing a retirement plan.

Product

The company offers both traditional and Roth 401(k)s, 403(b)s, safe harbor plans, and profit-sharing plans. Employers can also choose to matching and vesting options through Human Interest. The product is capable of handling the tasks necessary for signing up for a retirement plan such as compliance testing and keeping records of payroll.

For access to the software that streamlines the 401(k) process, employers can pay a fee as stated on the company's website. The software onboards the employer's employees by asking questions to calculate insights and also provides necessary Internal Revenue Service forms.

Timeline

August 4, 2021
Human Interest raises a $200,000,000 series C round.
February 2021
Human Interest raises a $55,000,000 series C round from Glynn Capital Management and NewView Capital.
May 21, 2020
Human Interest Extends Series C Round to $50M.

May 20, 2020
Human Interest tacks on $10M more to its Series C.

March 2020
Human Interest closes on a $40 million Series C round just months after raising a $15.4 million Series B.

August 5, 2019
Human Interest Raises $15.4M Series B

The round was led by U.S. Venture Partners. Wing VC, Uncork Capital, and Slow Ventures also participated in the round.

August 5, 2019
Human Interest raises a $15,400,000 series B round from U.S. Venture Partners.
August 2019
Human Interest raises a $15,400,000 series B round from Slow Ventures, USVP, Uncork Capital and Wing Venture Capital.
2015
Human Interest was founded by Roger Lee.

Funding rounds

People

Name
Role
LinkedIn

Further reading

Title
Author
Link
Type
Date

How Human Interest Helps Small Businesses Set Up 401(k) Plans

Amit Chowdhry

Web

March 20, 2018

Documentaries, videos and podcasts

Title
Date
Link

Captain401, now Human Interest, raises 11M to build a 401(k) for small businesses

February 7, 2018

Companies

Company
CEO
Location
Products/Services

News

Title
Author
Date
Publisher
Description
Crunchbase News
August 4, 2021
Crunchbase News
Crunchbase News' top picks of the news to stay current in the VC and startup world.
Richard Dal Porto
August 4, 2021
TechCrunch
Hello friends and welcome to Daily Crunch, bringing you the most important startup, tech and venture capital news in a single package.
Mary Ann Azevedo
August 4, 2021
TechCrunch
Less than six months after raising $55 million in a Series C round of funding, SMB 401(k) provider Human Interest today announced it has raised $200 million in a round that propels it to unicorn status. The Rise Fund, TPG's global impact investing platform, led the round and was joined by SoftBank Vision Fund 2. [...]
Mary Ann Azevedo
February 11, 2021
TechCrunch
Human Interest, a 401(k) provider for small and medium-sized businesses (SMBs), announced Thursday that it has tacked on another $55 million to its Series C. The news is notable for a couple of reasons. For one, the San Francisco-based company had already raised $50 million across two tranches in 2020. Secondly, the majority of its [...]
FinSMEs
May 21, 2020
FinSMEs
About | Advertise | Contact | Disclaimer | News | The Daily Deal Newsletter FinSMEs.com by FinSMEs is licensed under a Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported License.
Mary Ann Azevedo
May 20, 2020
Crunchbase News
Human Interest had just closed on a $40 million Series C round in March.
Alex Wilhelm
May 20, 2020
TechCrunch
The COVID-19 pandemic is making life worse for many startups, but not all. Those benefiting are often taking advantage of the market updraft to add more capital to their accounts. Robinhood, for example, saw usage of its consumer fintech product rise rapidly. Then the company raised a Series F worth $280 million at a new, [...]
Natasha Mascarenhas
May 3, 2020
TechCrunch
When Roger Lee, the co-founder of Human Interest, heard that San Francisco imposed shelter-in-place orders, he started blogging about layoff news and posting crowdsourced lists of employees who were laid off. His goal was to increase awareness about layoffs and give recruiters a place to search for candidates. However, one week and 40 startup layoffs [...]

References

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