Aboon Secures $17.5M Funding Round, EFE’s Shah Steps Down
Aboon Secures $17.5M Funding Round
Aboon, an AI-powered platform for 401(k) plan management, announced that is has gained $17.5 million in seed funding.
The financing was led by Bain Capital Ventures, with participation from Altai Ventures, Runyon, Edward Jones Ventures, Outpost Ventures, and EJF Ventures.
“We built Aboon because we saw how hard it was for advisors to offer retirement plans, and how many businesses were left behind as a result,” said Nick Gavronsky, CEO and co-founder of Aboon. “Aboon was built on a belief that every American worker deserves a path to retirement, and the best way to get there is through the trusted advisor network that already supports business owners. We are changing the game for financial advisors by putting the tools they need in their hands.”
Aboon is a digital third-party administration (TPA) platform aimed at helping financial advisors design, launch and manage 401(k) plans for their business owner clients by combining automation and human expertise.
Since its founding in 2023, Aboon has partnered with national advisory firms like Edward Jones and with major recordkeepers including Capital Group, Empower, and Manulife John Hancock.
