Micruity, a Great North Ventures portfolio company, has raised a $20 million Series A round led by Rebalance Capital and Nationwide Ventures, with participation from J.P. Morgan Asset Management, Reinsurance Group of America (RGA), The Guardian Life Insurance Company of America (Guardian), Collab Capital, State Street Investment Management, TIAA Ventures, and continued support from several major insurers. The round brings total funding to $27 million.
Micruity is building the data infrastructure that enables lifetime income solutions to scale inside 401(k)s. While more than 100 million Americans rely on defined contribution plans for retirement, these systems were not designed to provide predictable monthly income. Insurers and asset managers have created strong income products, but the industry has long lacked a secure, standardized way to connect recordkeepers, asset managers, and insurers. Micruity provides that missing layer.
The company has made rapid progress. Micruity is integrating with 4 of the 5 largest U.S. recordkeepers, supports solutions representing nearly half of the Target Date Fund market, and powers programs for institutions including Fidelity Investments, State Street Investment Management, MetLife, and Pacific Life. Over the past year, the company has doubled revenue, increased platform usage by 17x, and seen a sharp rise in plans offering Micruity powered income solutions.
With the new capital, Micruity will expand its integrations, support additional lifetime income products, and scale the platform that will help millions of workers transition from savings to steady retirement paychecks.
Ryan Weber, Managing Partner at Great North Ventures, shared:
“We’ve known Trevor since 2019 and backed Micruity in 2022 because we believed he and his team were tackling one of the hardest, most critical problems in retirement infrastructure. Seeing the company gain this level of momentum—integrations with top recordkeepers, rapid usage growth, and an oversubscribed Series A—is a testament to years of disciplined execution. Launching a product like this isn’t easy, but the team has positioned themselves exceptionally well for the next phase of growth.”
Micruity is laying the foundation for a retirement system built not only on savings, but on reliable income for American workers.
Find more information on the company’s blog post here
