Monday, March 14, 2016

Core Innovation Capital Gets Speedy Exit At Honest Dollar

Los Angeles-based fintech venture investor Core Innovation Capital has scored a quick exit at one of its portfolio companies, Honest Dollar, just a year after its seed funding. Goldman Sachs said this morning that it has acquired Honest Dollar, which will become part of its Investment Management division. Financial terms of the acquisition were not disclosed. Honest Dollar offered up retirement plans for small and medium sized businesses, using IRAs rather than 401Ks. Core Innovation Capital had backed Honest Dollar as part of a small, $3M funding round that closed in March of 2015, along with Expansive Ventures and Formation 8.