SigFig Valuation, Funding & Investors
SigFig is valued at $200M as of June 2018.
Last SigFig valuation
$200M
Series E · Jun 2018
Last SigFig funding round
$50M
Series E · Jun 2018
Cumulative funding SigFig raised
$109M
across 4 funding rounds
Key investors in SigFig
Bain Capital Ventures
Union Square Ventures
DCM Ventures
General Atlantic
Nyca Partners
Mouro Capital
SigFig Overview
About SigFig
SigFig is an American wealth management technology company that supplies digital advice and portfolio management software to banks and asset managers. Founded in 2007 as Wikinvest and relaunched under the SigFig name in 2012, it powers guided-investing services for institutions including UBS, Wells Fargo and Citizens Bank as well as a direct-to-consumer robo-adviser. It earns licence and platform fees from its enterprise partners and advisory fees on managed assets.
Founded
2007
HQ
San FranciscoWebsite
Status
Privately held
Customer focus
B2B & B2C
Revenue model
Subscription, Investment management
Valuation
$200M (Jun 2018)
SigFig Valuation
SigFig is currently valued at $200M, based on its Series E in June 2018. Read the announcement ↗
The $50M round was led by General Atlantic, with participation from New York Life Insurance, Union Square Ventures, Nyca Partners, UBS, Bain Capital Ventures and 2 other investors.
SigFig valuation by funding round
| Date | Stage | Valuation |
|---|---|---|
| Jun 2018 | Series E | $200M |
SigFig Funding History
SigFig has raised a total of $109M across 4 funding rounds.
SigFig's first fundraising round was a $15M Series B in July 2013. The most recent completed round was a $50M Series E in June 2018.
SigFig funding rounds
| Date | Stage | Investors | Raised | Valuation | Deal Summary |
|---|---|---|---|---|---|
| Jun 2018 | Series E | General Atlantic (lead); New York Life Insurance; Union Square Ventures; Nyca Partners; UBS; Bain Capital Ventures; DCM Ventures; Eaton Vance Senior Income | $50M | $200M | SigFig, a San Francisco-based digital wealth management company, raised a USD 50 million Series E round in June 2018. The round included General Atlantic, Bain Capital Ventures, DCM Ventures, Eaton Vance Senior Income, New York Life Insurance, Nyca Partners, UBS and Union Square Ventures, a mix of existing backers and new institutional investors. The financing took the total capital raised by the company to roughly USD 117 million. The proceeds were intended to extend the platform and its partnerships with financial institutions. SigFig provides an integrated, white-label investment advice and portfolio management platform that banks and wealth managers offer to their own customers. Its partners at the time included large financial brands such as Wells Fargo and UBS, which distribute its automated advice to retail clients. |
| May 2016 | Series D | Mouro Capital | $33M | - | SigFig raised USD 33 million of equity led by Eaton Vance, with Santander InnoVentures, New York Life and UBS coming in as new institutional investors alongside existing backers Bain Capital Ventures, DCM Ventures, Nyca Partners and Union Square Ventures. The headline USD 40 million figure also included a USD 7 million credit facility from Comerica Bank, which is excluded here. The money was raised to expand SigFig's enterprise wealth management platform with large bank partners and took total funding above USD 70 million. |
| Jun 2014 | Series C | Union Square Ventures; Bain Capital Ventures; DCM Ventures | $11M | - | - |
| Jul 2013 | Series B | Bain Capital Ventures (lead); Union Square Ventures (lead); DCM Ventures | $15M | - | - |
Who has invested in SigFig?
9 investors have backed SigFig across its funding rounds, including Bain Capital Ventures, Union Square Ventures, DCM Ventures, General Atlantic, Nyca Partners and Mouro Capital.
Lead investors include General Atlantic, Bain Capital Ventures and Union Square Ventures.
SigFig Investors
| Investor | HQ | Rounds | Role | First check |
|---|---|---|---|---|
| New York City, NY | 3 | Lead | Jul 2013 | |
| San Francisco, CA | 3 | Lead | Jul 2013 | |
| San Francisco, CA | 3 | Participant | Jul 2013 | |
| New York City, NY | 1 | Participant | Jun 2018 | |
| New York City, NY | 1 | Participant | Jun 2018 | |
| New York City, NY | 1 | Lead | Jun 2018 | |
 Zurich | 1 | Participant | Jun 2018 | |
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Start Free TrialSigFig Competitors
SigFig competitors include listed companies like Profile Software, Abaxx Technologies, Leonteq and Praemium, and private ones like Baselane and Reflexivity.
| Company | HQ | Status | Revenue | EBITDA | Valuation | Revenue Multiple |
|---|---|---|---|---|---|---|
| New York City, NY | Private | - | - | $200M | - | |
 Greece | Publicly listed | $53M | $14M | $283M | - | |
 Canada | Publicly listed | $746K | ($28M) | $396M | 91.1x | |
| Switzerland | Publicly listed | $219M | $12M | $428M | 7.1x | |
 Australia | Publicly listed | $77M | $17M | $201M | 2.3x | |
| New York City, NY | Private | - | - | $133M | - |
SigFig Public Comps
SigFig is still privately-owned, but its public comps include Praemium, Densan System Holdings Co, Beeks Group, Msg Life, COL Financial Group, Nucleus Software Exports, 5paisa Capital, Blend Labs, Automated Bank Services and Directa Sim.
| Last FY | EV/Revenue | EV/EBITDA | ||||||
|---|---|---|---|---|---|---|---|---|
| Revenue | EBITDA | Last FY | LTM | 2027E | Last FY | LTM | 2027E | |
| $77M | $17M | 2.4x | 2.3x | 11.0x | 7.6x | |||
| $431M | $28M | 0.2x | 0.2x | 2.8x | 2.9x | |||
| $49M | $15M | 3.9x | 3.4x | 12.7x | 8.5x | |||
| $201M | $17M | 0.9x | - | 10.1x | - | |||
| $19M | $11M | 1.0x | - | 1.8x | - | |||
| $93M | $15M | 1.4x | 1.4x | 9.2x | - | |||
| $19M | ($5M) | 2.5x | - | (10.3x) | - | |||
| $124M | $3M | 3.0x | 2.9x | 124.6x | 18.3x | |||
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Common questions about SigFig
| When was SigFig founded? | SigFig was founded in 2007. |
| Where is SigFig headquartered? | SigFig is headquartered in San Francisco, United States. |
| Is SigFig publicly listed? | No, SigFig is a private, VC-backed company. |
| What is SigFig's valuation? | SigFig was last valued at $200M in its Series E in June 2018. |
| How much funding has SigFig raised? | SigFig has raised $109M across 4 funding rounds. |
| What was SigFig's last funding round? | SigFig's last funding round was a $50M Series E in June 2018, led by General Atlantic. |
| Who are SigFig's investors? | SigFig's investors include Union Square Ventures, Bain Capital Ventures, DCM Ventures, New York Life Insurance, Nyca Partners, General Atlantic, UBS, Mouro Capital and Eaton Vance Senior Income. |
| Which companies are comparable to SigFig? | Companies comparable to SigFig include Baselane, Profile Software, Abaxx Technologies, Leonteq, Praemium and Reflexivity. |
See companies similar to SigFig
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