Human Interest, a San Francisco-based 401(k) platform, has raised over US$100 million, bringing its valuation to US$3 billion.

The funding round included existing investors Baillie Gifford, BlackRock, Marshall Wace, Morgan Stanley, and TPG, up from its previous valuation of US$1.3 billion in mid-2024.

Human Interest serves small and mid-sized businesses seeking to offer retirement plans, a segment often overlooked by larger 401(k) providers.

The company expects to reach around US$200 million in annual recurring revenue by the end of 2025.

🔗 Source: Axios