Nestimate, a financial technology company focused on improving retirement planning, has announced the closing of a $3 million funding round. The investment was led by S3 Ventures, with additional support from PruVen Capital, TIAA Ventures, and Invest Nebraska. This new capital will help Nestimate accelerate its mission of making lifetime income solutions more widely available within defined contribution retirement plans, such as 401(k)s. By doing so, the company aims to make guaranteed retirement income a standard feature across the industry, enabling more workers to retire with confidence and financial security.
The Nestimate platform has quickly become a trusted tool for retirement consultants, advisors, and plan fiduciaries. It provides an end-to-end experience that allows professionals to evaluate, implement, and manage retirement income solutions with greater clarity and efficiency. By combining intuitive analytics with deep industry expertise, Nestimate helps fiduciaries navigate the complexities of retirement planning and ensures that participants in 401(k) plans have access to income strategies that can last throughout their retirement years.
The funding comes at a time when the retirement industry is undergoing significant change. As more Americans rely on defined contribution plans rather than traditional pensions, the need for reliable income solutions has grown. Many workers face uncertainty about whether their savings will last, and plan sponsors are increasingly looking for ways to provide guaranteed income options. Nestimate’s platform addresses this challenge by giving fiduciaries the tools they need to integrate these solutions into retirement plans confidently.
Founded to democratize access to retirement income, Nestimate is positioning itself as a leader in this growing space. With the new funding, the company plans to expand its reach, enhance its technology, and continue building partnerships across the retirement industry. By doing so, it hopes to make guaranteed income solutions not just an option for a few, but a standard feature available to millions of workers saving for retirement.
KEY QUOTES:
“We are thrilled to partner with investors who understand the urgent need to equip fiduciaries with the ability to activate retirement income in a 401(k) plan. This capital enables us to ramp up product development, scale our customer support capabilities, and expand into new frontiers of retirement. This is really the beginning. Securing the future of retirees, who for the first time will predominantly enter retirement without a pension, is at stake.”
“The prospect of outliving their savings is the number one fear that Americans face. The advisor or consultant who can successfully address and navigate this dilemma, and provide the solutions to alleviate it is going to differentiate themselves from the pack.”
Kelby Meyers, CEO and founder of Nestimate
“The recognition and adoption the company has received from the leading financial institutions indicates their ability to support the 401(k) industry’s transition from retirement savings plans to true plans for retirement. Nestimate breaks through the inertia that currently exists in adding retirement income to a plan. The company is at the forefront of modernizing the ‘pension’ for today’s worker.”
Charlie Plauche, General Partner at S3 Ventures
“TIAA’s commitment to secure retirements through our promise of lifetime income is uniquely aligned with Nestimate’s experience and mission to democratize access to retirement income, especially as we see interest in guaranteed solutions increase. We’re excited to work with Kelby and his team to offer more Americans financial security through retirement.”
Wayne Baker, Chief Investment Officer at TIAA Ventures
“At PruVen, we back companies that solve the most urgent challenges for financial institutions and retirement income is at the top of that list. Nestimate fills a critical gap with the analytics, due diligence, and education fiduciaries need to confidently deliver guaranteed income solutions. What gives us even more conviction is that several of our LP partners are already working with Nestimate, underscoring both the market demand and the strength of the platform.”
Travis Skelly, Partner at PruVen Capital
