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July 13, 2024 - Deals

Earned Wealth Raises $200 Million In Funding Led By Summit Partners And Silversmith Capital

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Earned Wealth, a New York City-based tech-enabled financial services firm catering exclusively to medical professionals, recently raised $200 million in funding. Led by Summit Partners and Silversmith Capital Partners, with participation from existing investors Juxtapose, Hudson Structured Capital Management, and Breyer Capital, this round marks a significant milestone for the company. Jeff Crisan of Silversmith and Darren Black of Summit Partners have joined Earned's Board of Directors. Founded and led by John Clendening, Earned Wealth utilizes a data-driven approach tailored to the unique financial needs of healthcare professionals, from residency to retirement. The funding will fuel the company's expansion efforts, including product innovation and strategic acquisitions such as the recent addition of Thomas Doll, enhancing its suite of financial services for medical practices and professionals alike. INVESTORS: Summit Partners, Silversmith Capital Partners, Juxtapose, Hudson Structured Capital Management & Breyer Capital AMOUNT: $200,000,000 HQ: #NewYork #VentureCapital #SummitPartners #SilversmithCapitalPartners #Juxtapose #HudsonStructuredCapitalManagement #BreyerCapital #TradedVC