Fundraising Fox
Basic Capital
Founded 2021 · 42 employees on LinkedIn · 10 known investors
Find your way into Basic Capital
Basic Capital offers a 401(k) retirement plan platform for employers and their employees, providing an open investment menu of over 6,000 mutual funds and ETFs, an embedded brokerage window, recordkeeping, third-party administration, and plan advisory services. The platform includes features such as Mega Backdoor Roth automation and a "Retirement Mortgage" that lets employees access long-term financing within their 401(k) to increase investing power.
Founders & leadership
Basic Capital was founded in 2021 by Abdul Al-Asaad.
Investors · 10
How we know: BoxGroup's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: Forerunner Ventures's portfolio page · Not right? Tell us
How we know: research · basiccapital.com · Not right? Tell us
How we know: Inspired Capital's portfolio page · the VCSheet dataset · research · basiccapital.com · Not right? Tell us
Also in the syndicate · 3
Company profile
researched Aug 2026Basic Capital is a retirement savings company that offers a 401(k) platform for employers and their employees, as well as individual IRA plans. The company describes itself as the first and only 401(k) platform that allows participants to finance assets and access alternative investments, positioning its product as an alternative to traditional defined-contribution plan menus that it says have gone largely unchanged for 40 years.
The company markets its plan to employers, including startups, and publishes educational content on topics such as setting up a 401(k) plan, plan pricing, and the distinction between risk tolerance and risk capacity. Abdul Al-Asaad is founder and CEO (also described as CEO and co-founder).
Business model
Basic Capital partners with employers to provide a 401(k) platform for their employees, and also offers individual IRA plans, with disclosed pricing for what plan sponsors and participants pay.
Traction
Company statements cite plans to expand employer distribution and headcount following its Series A; no participant, asset or revenue figures are disclosed.
Latest developments
In August 2025 Basic Capital announced the close of a $25 million Series A round led by Forerunner and Lux Capital. The company linked its opportunity to a U.S. executive order titled "Democratizing Access to Alternative Assets for 401(k) Investors," which addresses barriers to alternative asset access in defined-contribution plans.
▸Full profile — market position, go-to-market
Market position
Positioned as a modernizer of the 401(k) market, citing that more than 90 million Americans participate in employer-sponsored defined-contribution plans while most lack access to alternative asset investments.
The company states it is the first and only 401(k) platform enabling participants to finance assets and to access alternative investments, framing this as financing investment rather than consumption.
Go-to-market
Sales to employers as plan sponsors, supported by educational content on retirement plan setup and pricing; the company stated it would use its Series A proceeds to promote its 401(k) solution to more employers and expand its team.
Employers offering retirement plans, including startups, and individual retirement savers using IRAs.
Compiled by commissioned research from 4 cited public sources — announcements, filings, and press listed under research sources below.
Timeline · 1
launches, deals, and filingsBasic Capital announced the closing of a $25 million Series A round led by Forerunner and Lux Capital, with participation from existing investors SV Angel and Box Group and new investors HOF Capital, Inspired Capital and Westbound Equity Partners. Proceeds were earmarked for marketing its 401(k) solution to more employers and expanding the team.
$25M source ↗
Dated company events from announcements, filings, and press; legal rows summarize public dockets and regulator releases.
▸Research sources · 4
primary sources listed
- Basic Capital | Basic Capital Raises $25M Series A to Modernize 401(k) Plansbasiccapital.com · web
4 public sources were cited for this profile; the first-party ones are listed here.
Frequently asked questions
- What does Basic Capital do?
- Basic Capital operates a 401(k) platform that lets participants finance assets and access alternative investments.
- Who founded Basic Capital?
- Basic Capital was founded by Abdul Al-Asaad in 2021.
- Who are Basic Capital's investors?
- Basic Capital's investors include BoxGroup, Forerunner Ventures, HOF Capital, Inspired Capital, Lux Capital, SV Angel, Westbound Equity Partners.