Origin, a San Francisco, CA-based comprehensive employee financial wellness platform, raised $56m in Series B funding. The round, which brought the valuation of the company to $400m, was led by Dick Costolo and Adam Bain’s 01A, General Catalyst and Lachy Groom, with participation from existing investors Founders Fund, Felicis Ventures and Abstract Ventures.
“Since co-founding Origin in 2018, I’ve seen massive demand for a holistic financial wellness solution that helps employees utilize total compensation packages and supports HR and People teams without adding to their workload” said CEO and Co-Founder Matt Watson.
Origin provides employees with a money management platform, personalized advice with real-life financial planners and customized financial literacy workshops to reach their financial goals.
The company intends to use the funds to accelerate customer expansion and new product innovation.
Announcement: Origin Raises $56M for Employee Financial Wellness