Out Of Stealth Mode, Personal Capital Raises $25 Million

Personal Capital is a company that has recently exited stealth mode and has raised $25 million in venture financing. The funding includes a Series A round that was led by Institutional Venture Partners (IVP) and a Series B round that was led by Venrock and more participate by IVP. Personal Capital is not planning to launch yet, but they will soon debut a financial advisor service that delivers an investment management and personal finance service. The chief executive of Personal Capital is former Intuit CEO Bill Harris. Everbank co-founder Rob Foregger serves as the chief strategy officer of Personal Capital. And former E-Loan CIO Jay Shah serves as the CIO of Personal Capital. The company is based in Redwood City, California.

This article was written by Amit Chowdhry. You can follow me at @amitchowdhry or on Google+ at
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