Nestimate raises $3 million

Nestimate, a fintech startup looking to make it easier for 401(k) plan fiduciaries to implement retirement income solutions, has raised $3 million in a funding round led by S3 Ventures, with additional participation from PruVen Capital, TIAA Ventures, and Invest Nebraska.

Founded in 2022, the Nebraska-based startup offers analytics, evaluation, and modeling solutions that gives fiduciaries a new level of confidence to select and monitor guaranteed income in one’s retirement plan.

“We are thrilled to partner with investors who understand the urgent need to equip fiduciaries with the ability to activate retirement income in a 401(k) plan.  This capital enables us to ramp up product development, scale our customer support capabilities, and expand into new frontiers of retirement. This is really the beginning. Securing the future of retirees, who for the first time will predominantly enter retirement without a pension, is at stake.” – Kelby Meyers, CEO and founder of Nestimate.

“At PruVen, we back companies that solve the most urgent challenges for financial institutions and retirement income is at the top of that list. Nestimate fills a critical gap with the analytics, due diligence, and education fiduciaries need to confidently deliver guaranteed income solutions. What gives us even more conviction is that several of our LP partners are already working with Nestimate, underscoring both the market demand and the strength of the platform.” – Travis Skelly, Partner at PruVen Capital.