Vestwell
New York, US · Founded 2016 · 596 employees on LinkedIn · 13 known investors
Find your way into Vestwell
300 people in our graph share verified history with the Vestwell team — schools, employers, funds. One of them is your warm intro.
Brian Dixonunlockedknows Aaron Schumm · together at Citi (overlapped)
×2knows the team · via Vestwell
knows the team · via Citi
knows the team · via Duke University - The Fuqua School of Business
×3knows the team · via The Northern Trust Company
×4knows the team · via Gies College of Business - University of Illinois Urbana-Champaign
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.
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Aaron Schummin𝕏Founder & Chief Executive OfficerAaron Schumm is the founder, chairman, and CEO of Vestwell, a cloud-based platform for administering workplace savings and benefits programs such as retirement, education, and emergency savings plans. He holds an MBA from Duke University's Fuqua School of Business and a finance degree from the University of Illinois.
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David SheeninChief Financial Officer
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Allison BrecherinGeneral Counsel and Corporate Secretary - Vestwell Trust Company
Board
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Justin OverdorrfBoard director
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RY
JM
John MoodyBoard director
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Aron MiodownikBoard director
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Benjamin MalkaBoard director
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Lori HardwickBoard director
Investors · 13
Commerce VenturesSan Francisco · $1M – $5M
Duke Capital PartnersDurham
F-Prime CapitalCambridge · $3M – $10M
Fin CapitalSan Francisco · $250K – $15M
FinTech CollectiveNew York City · $100K – $10M
Lightspeed Venture PartnersMenlo Park · $1.7M – $87M
Point72 VenturesNew York · $1M – $75M
Primary Venture PartnersNew York · $1M – $3M
Sixth StreetSan Francisco · $50M – $2.5B
Teamworthy VenturesNew York
Balderton CapitalreportedLondon · $5M – $50Mvia Rana Yared · board
Blue Owl CapitalreportedNew York
Springcoast Capital PartnersreportedNew York · $25M – $100Mvia Paul Pate · board
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)
▶$31MraisedJul 2025 · 399 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- 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)
▶$176.1MraisedMar 2024 · 24 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- 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)
▶$59.6MraisedJul 2021 · 20 investors · Other Technology
Rule 506(b)Officers, directors & promoters on the filing
- 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)
▶$31.3MraisedApr 2019 · 10 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- 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)
▶$8.1MraisedOct 2017 · 6 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- 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)
▶$4.4MraisedSep 2016 · 22 investors · Other Banking and Financial Services
Rule 506(b)Officers, directors & promoters on the filing
- 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.
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 Commerce Ventures, Duke Capital Partners, F-Prime Capital, Fin Capital, FinTech Collective, Lightspeed Venture Partners, Point72 Ventures, Primary Venture Partners and 5 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.