US-based digital wealth management firm Personal Capital has raised $50m in a series D round which featured BBVA Ventures, the corporate venturing unit of Spain-based bank BBVA.
Insurance company USAA, private equity firm Corsair Capital, which led the round, and venture capital firms Institutional Venture Partners (IVP), Venrock and Crosslink Capital also participated in the round.
Personal Capital develops finance apps through which users can track their money and gather financial data and analysis. It has now raised approximately $102.3m, including $25m from a June 2013 series C round backed by BlackRock, IVP, Venrock and Crosslink.
Bill Harris, chief executive of Personal Capital, said: “This infusion will help accelerate our already-rapid growth – we’ve seen revenue increases of 10% or more each month for the past seven quarters.”