COMPANY INFO
Empower Finance, Inc., commonly known as Empower, is a financial technology company founded in 2016 by Warren Hogarth and Justin Ammerlaan. Headquartered in San Francisco, California, Empower has around 35 employees and operates as a mobile-first automated financial services provider focused on improving American consumers' access to credit at reasonable rates. The company's website is empower.me. Empower offers products such as Empower Cash Advance, Empower Automatic Savings, and Empower Thrive line of credit, aiming to provide affordable credit and help users build credit history. (Tracxn, Empower About Us)
Empower Annuity Insurance Company of America is a leading financial services organization founded in 1891. Headquartered in Greenwood Village, Colorado, Empower operates across North America, with additional offices in key cities such as Boston, San Francisco, New York, London, Toronto, Denver, Atlanta, Miami, Seattle, and Dallas. Empower specializes in retirement services, asset management, and a broad suite of financial solutions, serving millions of individuals and institutions. With approximately 12,500 employees as of 2025, Empower is recognized as one of the largest retirement plan providers in the United States, committed to empowering people to achieve their financial goals.
Empower Annuity Insurance Company of America has established a strong presence in the financial sector, not only through its core services but also by actively leveraging venture capital and strategic investments to fuel innovation and expansion. Over several funding rounds, Empower has raised approximately $174 million, with major funding milestones in Series A, B, and C rounds. The company’s funding strategy has focused on enhancing its digital offerings, expanding market reach, and strengthening its product development efforts. Empower’s funding rounds have attracted some of the industry’s most reputable investors, bolstering its growth and innovation capabilities.
The Series C round aimed to further accelerate Empower’s expansion and revenue growth, with substantial backing from Blisce. Funds are being utilized to enhance product development and extend the company’s reach to new markets and customer segments.
This Series B funding round was focused on market expansion and scaling the company’s operations. The round, led by Blisce, provided crucial capital for Empower to continue its growth trajectory and invest in innovative financial products.
Empower raised $20 million in this Series A round, led by Icon Ventures and DEFY VENTURES, to support product development and position the company for sustained scaling efforts. The financing enabled the launch of new features and expansion of the company’s digital services.
This early Series A round, with participation from Initialized Capital and Sequoia Capital, provided Empower with the initial booster capital needed for its first product launch and early growth.
Seed funding from Initialized Capital supported Empower’s initial product development and launch, paving the way for later rounds of growth and innovation.
A conventional debt round, jointly supported by Blisce and Initialized Capital, provided Empower with the flexibility to support ongoing operations and financing requirements.
Blisce is a global venture capital firm focused on growth-stage consumer and technology companies. As a lead investor in Empower’s Series B and Series C rounds, Blisce has played a critical role in fueling the company’s market expansion and product innovation.
Initialized Capital is a prominent early-stage venture capital firm. The firm led both the seed round and early Series A financing, providing Empower with foundational capital for its launch and initial development.
Icon Ventures is a leading venture capital firm with investments in high-growth technology companies. Icon Ventures led a major Series A round, supporting Empower’s scaling strategies and digital transformation efforts.
DEFY VENTURES has been instrumental in Empower’s Series A financing, contributing to the company’s growth through strategic investments intended for product and operational expansion.
Sequoia Capital is one of the world’s most renowned venture capital firms. With early backing in the Series A round, Sequoia provided Empower with credibility and resources to accelerate its trajectory in the highly competitive financial services market.
Websets is a powerful natural language search and data enrichment tool that helps you discover comprehensive funding information for any company. Whether you're researching Empower Annuity Insurance Company of America funding rounds or exploring investment data for other companies, Websets provides detailed insights into funding history, investors, and financial milestones.
With Websets, you can access detailed funding profiles, investor information, and financial data through intuitive natural language queries. Sign up now to enhance your funding research capabilities.