Kansas City financial tech startup Blooom raises $9.15 million

Blooom, a startup that offers a web-based automated advisory tool for managing retirement accounts, has landed a round of financing to accelerate its growth.

The Leawood, Kansas-based company announced Monday that it raised $9.15 million in a Series B round that features some big names in financial technology.

The round was co-led by existing Blooom investors QED, based in Alexandria, Virginia, and San Francisco-based Commerce Ventures. It also snagged investments from Allianz Life Ventures and Nationwide Ventures, as well as TTV Capital, the KCRise Fund, Industry Ventures and UMB. The Series B brings Blooom’s total raised to about $13.15 million.

Blooom CEO Chris Costello said he was thrilled to have garnered not only significant interest but also a strong roster of investors.

Blooom also now has more than $500 million in assets under management, which the company said makes it one of the fastest independent robo-advisors ever to reach the half-billion-dollar mark. The firm surpassed the $300 million in AUM in June.

Read more: Startland News


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