Foley & Lardner LLP served as legal advisor to 401GO in its $12 million Series A funding round led by Next Frontier Capital with additional contributions from Rally Ventures and support from existing investors Impression Ventures and Stout Street Capital.
401GO plans to use the newly acquired funds to bolster its current offerings and accelerate the introduction of new products. The investment will enable the company to significantly increase its workforce, with plans to more than double its headcount with a focus on roles in software development and sales.
401GO is a leading fintech company dedicated to revolutionizing the way individuals save for retirement. Through its innovative blend of cutting-edge technology and personalized human support, the company is empowering individuals to secure their financial futures with confidence. 401GO stands out in the competitive fintech sector by offering a unique approach that marries advanced technological solutions with a high-touch, advisor-based model. This hybrid model ensures that customers receive the benefits of state-of-the-art digital tools alongside the guidance and support of seasoned retirement experts.
The Foley team was led by partner Jeffrey Bowman and included partner Lyman Thai, of counsel Alan Pate, senior counsel Mark Mallery, and associates Troy Fossett, Erik Nguyen, and Sarah Waste.
