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Vestwell
New York, US · Founded 2016 · 596 employees on LinkedIn · 14 known investors
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Vestwell operates a cloud-based platform for administering workplace savings and benefits programs such as retirement plans, tuition reimbursement, emergency savings, and student loan repayment tools. It serves employers, advisors, and program partners with configurable portals, payroll integrations, compliance testing, and white-label options.
Founders & leadership
Vestwell was founded in 2016 by Aaron Schumm.
Board
Investors · 14
How we know: Blue Owl Capital's portfolio page · funding news · Not right? Tell us
How we know: Commerce Ventures's portfolio page · the VCSheet dataset · Not right? Tell us
How we know: F-Prime Capital's portfolio page · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Fin Capital's portfolio page · a partner's Signal profile · board seat on SEC Form D · Not right? Tell us
How we know: FinTech Collective's portfolio page · a partner's Signal profile · board seat on SEC Form D · the VCSheet dataset · Not right? Tell us
How we know: funding news · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Primary Venture Partners's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: Sixth Street's portfolio page · funding news · Not right? Tell us
How we know: Teamworthy Ventures's portfolio page · the VCSheet dataset · open dataset · 5k.vc investor directory · Not right? Tell us
How we know: open dataset · 5k.vc investor directory · Not right? Tell us
Funding
SEC filings, press & company announcements$695.3M disclosed across 7 rounds · 2016–2026
- $385MSeries EFeb 2026 · 2 sourcesSource ↗
▶$31MraisedJul 2025 · 399 investors · Other TechnologyRule 506(b)
- Justin OverdorrfDirector
- Aaron SchummExecutive Officer, Director
- Logan AllinDirector
- Lori HardwickDirector
- David SheenExecutive Officer
- Allison BrecherExecutive Officer
- Offering amount
- $73.6M
- Amount sold
- $31M
- Proceeds to insiders
- $5.4M
- First sale
- Apr 2017
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$176.1MraisedMar 2024 · 24 investors · Other TechnologyRule 506(b)
- Justin OverdorrfDirector
- David SheenExecutive Officer
- Logan AllinDirector
- Aaron SchummExecutive Officer, Director
- Lori HardwickDirector
- John RettigDirector
- Offering amount
- $176.1M
- Amount sold
- $176.1M
- First sale
- Dec 2023
- Incorporated
- Corporation, Delaware
- Federal exemptions
- 06b
▶$59.6MraisedJul 2021 · 20 investors · Other TechnologyRule 506(b)
- David SheenExecutive Officer
- Paul PateDirector
- Brooks GibbinsDirector
- John MoodyDirector
- Aaron SchummExecutive Officer, Director
- Lori HardwickDirector
- C. Thomas RichardsonDirector
- Aron MiodownikDirector
- Offering amount
- $71.6M
- Amount sold
- $59.6M
- First sale
- Jun 2021
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$31.3MraisedApr 2019 · 10 investors · Other Banking and Financial ServicesRule 506(b)
- Aaron SchummExecutive Officer, Director
- David SheenExecutive Officer
- Rana YaredDirector
- John MoodyDirector
- Aron MiodownikDirector
- Benjamin MalkaDirector
- Brooks GibbinsDirector
- Offering amount
- $31.5M
- Amount sold
- $31.3M
- First sale
- Mar 2019
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$8.1MraisedOct 2017 · 6 investors · Other Banking and Financial ServicesRule 506(b)
- Brooks GibbinsDirector
- Aaron SchummExecutive Officer, Director
- Aron MiodownikDirector
- Joseph PampelExecutive Officer
- David SheenExecutive Officer
- Benjamin MalkaDirector
- Offering amount
- $8.1M
- Amount sold
- $8.1M
- First sale
- Sep 2017
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
▶$4.4MraisedSep 2016 · 22 investors · Other Banking and Financial ServicesRule 506(b)
- Joshua KeayExecutive Officer
- Aaron SchummExecutive Officer, Director
- Brooks GibbonsDirector
- Aaron MiodownikDirector
- Mark ShilshtutExecutive Officer
- Antonio GonzalezExecutive Officer
- Joseph PampelExecutive Officer
- Offering amount
- $4.9M
- Amount sold
- $4.4M
- First sale
- Sep 2016
- Incorporated
- Corporation, Delaware, 2016
- Federal exemptions
- 06b
Source: SEC EDGAR Form D. Amounts as filed; amended filings shown once at their latest values.
Founder mafia
2 people who came through Vestwell went on to found or lead other companies.
In the news
Frequently asked questions
- What does Vestwell do?
- Vestwell operates a cloud-based platform for administering workplace savings and benefits programs such as retirement plans, tuition reimbursement, emergency savings, and student loan repayment tools. It serves employers, advisors, and program partners with configurable portals, payroll integrations, compliance testing, and white-label options.
- Who founded Vestwell?
- Vestwell was founded by Aaron Schumm in 2016.
- Who are Vestwell's investors?
- Vestwell's investors include Blue Owl Capital, Commerce Ventures, Duke Capital Partners, F-Prime Capital, Fin Capital, FinTech Collective, Lightspeed Venture Partners, Point72 Ventures and 6 more.
- How much funding has Vestwell raised?
- Vestwell has disclosed $695.3M raised across 7 rounds.
- Where is Vestwell headquartered?
- Vestwell is headquartered in New York, US.