Human Interest Secures $11 Million to Simplify Small Business 401(k) Plans
Pushing through a funding round is never an easy process - and for Captain401 co-founder Roger Lee, it was even more tricky this time around. That’s because Lee and his team raised $11 million right around the birth of his first baby. That gave Lee an even deeper appreciation and understanding for the need of robust employee benefits, which was part of the original goal of Captain401 - giving small businesses access to a 401(k). That goal is also the reason that with the new fundraising, Captain401 (now known as Human Interest) is changing its name.
**Human Interest - As its former name Captain401 implied - focuses on creating an easy system for small businesses to begin offering a 401(k) to employees. It’s geared towards companies trying to get it up-and-running for the first time, as when companies start to mature benefits like that quickly become table stakes, lest they lose those employees to compe*****s with more robust benefits. It’s also important to get those plans in place early, as employees likely want to begin securing their finances early on.
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