Vestmark – Follow Through and Follow-on

Vestmark has been on a tear for a long time now. The company now has more than 2.1MM customer accounts and over $700B of assets on the platform. Vestmark continues to grow at an incredible clip; top line revenue grew an amazing 42% in 2016, and the company is on pace for another strong year in 2017.

Vestmark has been on a tear for a long time now. The company now has more than 2.1MM customer accounts and over $700B of assets on the platform. Vestmark continues to grow at an incredible clip; top line revenue grew an amazing 42% in 2016, and the company is on pace for another strong year in 2017.

Along the way, Vestmark has taken care of its team members, existing and former. All too often, employees are overlooked. Many companies seem to forget that the team is the true engine behind success. 

It’s one thing to provide a cool Patagonia vest or let the new developers customize their machines, but it’s truly commendable to go out of your way to help early employees get liquidity for their vested options/shares. That’s exactly what Vestmark has been doing for our early team members.

Luckily for Vestigo, we were in the right place at the right time. As a result, we have been able to put two rounds of capital into the Vestmark growth engine.  

We initially invested in the company in October 2016 and injected more capital just last month. We consider ourselves fortunate to work with a great company with a truly modern technology stack. More importantly, we get to work with the great people running Vestmark. 

We’re proud to be investors in a company with a strong culture and that takes care of former employees. The clearest sign of our support for the company is best illustrated through our follow-on investments. It’s the nature of our business to put our money where our mouth is, and we’re happy to be vocal advocates for Vestmark. 

Mike Nugent
Managing Director