Cases & Deals

Citi Ventures makes strategic investment in Betterment

Clients Citi Ventures Inc.

Jones Day advised Citi Ventures Inc., a unit of global financial services company Citigroup Inc., in its strategic investment in the Series C Convertible Preferred Stock financing of Betterment, a web-based automated investment service based in New York. New investors included Citi Ventures, Northwestern Mutual Capital, and Globespan Capital Partners, joining existing investors Bessemer Ventures, Menlo Ventures, and Anthemis Group.