Micruity has secured $20 million in Series A financing as the company accelerates its effort to modernize the data infrastructure behind retirement income solutions. The round was co-led by Rebalance Capital and Nationwide Ventures, with participation from J.P. Morgan Asset Management, Reinsurance Group of America, Guardian Life, Collab Capital, State Street Investment Management, and TIAA Ventures. Existing backers, including Allianz Life, Prudential Financial, Western & Southern Financial Group, Pacific Life, and SixThirty Ventures, also supported the new round. The latest investment brings Micruity’s total funding to $27 million.
Micruity aims to address long-standing challenges in the retirement ecosystem, where 401(k) plans were built primarily for savings rather than lifetime income distribution. With more than 100 million Americans relying on these plans as their primary retirement vehicle, participants often face the complex task of turning their nest egg into a predictable income stream. Meanwhile, insurers and asset managers have developed strong retirement income products but have struggled to scale them because of fragmented systems and inconsistent data processes across the industry.
The company was founded after its leadership observed persistent structural issues in the retirement landscape, including a lack of standardized, secure data connectivity among employers, recordkeepers, asset managers, and insurers. Micruity set out to build this missing infrastructure and now operates a platform designed to serve as the connective tissue enabling seamless, interoperable lifetime income delivery.
Micruity has assembled a team with deep experience across retirement product management, recordkeeping, insurance, and asset management, drawing talent from organizations such as Fidelity, TIAA, Prudential, and others. The company reports significant momentum, including integrations with four of the five largest U.S. recordkeepers, support for asset managers representing roughly half of the target-date-fund market, and partnerships with major institutions such as Fidelity Investments, State Street Investment Management, MetLife, and Pacific Life. Micruity also reports doubling revenue year over year, experiencing 17x platform usage growth, and tripling the number of plans offering Micruity-powered retirement income capabilities.
With the new Series A funding, Micruity plans to accelerate integrations across recordkeepers, asset managers, and insurers, broaden support for new lifetime income solutions, and further scale the infrastructure intended to power retirement paychecks for millions of Americans. The company believes the retirement industry is at a pivotal moment as employers and policymakers shift from a savings-only mindset to one focused on delivering reliable income throughout retirement.
Micruity states that it remains early in its mission but views rising industry urgency and expanding adoption as clear indicators of progress as it continues its work to enhance retirement security.
