Micruity, the infrastructure company powering retirement and lifetime income solutions across America’s workplace savings system, today announced it has raised a $20 million Series A investment round. The round was co-led by Rebalance Capital and Nationwide Ventures, with participation from TIAA Ventures, State Street Investment Management, J.P. Morgan Asset Management, Collab Capital, Reinsurance Group of America (RGA), and The Guardian Life Insurance Company of America (Guardian), and continued backing from Western & Southern Financial Group, Prudential Financial, Pacific Life, Allianz Life Insurance Company of North America, and SixThirty Ventures.
Americans are living longer, pensions have disappeared, social security faces long-term strain, so today, more than 100 million people now rely on 401(k)s for retirement income, but these tools are built for saving, not for turning savings into a paycheck. Most retirees end up with a lump sum and little support in making it last.
At the same time, asset managers and insurers have created strong lifetime-income solutions, yet delivering them at scale has come with challenges. In particular, the coordination required across data and operational workflows, the need for clear participant communications that introduce this new type of benefit, and the need for simplifying the value proposition for a broad group of future retirees. The importance of different parts of the value chain –– such as recordkeepers, asset managers, and insurers –– is similarly significant as each brings unique data requirements, system architectures, and operational processes that make seamless participant usability more difficult in an otherwise fragmented industry.
Micruity provides the secure, standardized data infrastructure that connects the industry players and helps make retirement paychecks possible. The platform supports:
- Standardized connectivity across recordkeepers, asset managers, and insurers
- Participant-level income administration and portability
- Scalable support for lifetime income, annuity-enabled TDFs, and Secure 2.0 features
By solving the operational bottlenecks, Micruity enables retirement paychecks for the millions of savers — especially low- and moderate-income workers — who historically haven’t had access to the benefits of these products.
“The retirement system was built for saving, not for generating a paycheck, and that’s the gap we’re closing,” said Trevor Gary, CEO and co-founder of Micruity. “Every American saver deserves income they can rely on, and that requires modern infrastructure. This new funding accelerates our work connecting recordkeepers, asset managers, and insurers so retirement paychecks become the default, not the exception.”
A Market Moving Toward Guaranteed Income
Micruity now integrates with 4 of the top 5 U.S. recordkeepers, covers 50% of the Target Date Fund (TDF) market by share, and has doubled revenue year-over-year. It's also seen 17x growth in usage and 3.5x growth in plans with Micruity-powered retirement income. The company’s rapid expansion reflects a broader transformation in the retirement ecosystem: employers and recordkeepers are moving from an accumulation-only mindset to one centered on delivering predictable, durable income in retirement.
This transition requires deep connectivity across the value chain — something the industry has been challenged to deliver.
“Workers spend decades saving for retirement, but the system still doesn’t provide a clear, reliable way to turn those savings into income,” said Josh Tanenbaum, managing partner at Rebalance Capital. “Micruity is fixing the missing infrastructure that has held the industry back for years. They’re the connective tissue that finally makes lifetime income scalable — and brings true financial security within reach for millions of savers.”
“A dependable retirement paycheck is one of the biggest unmet needs facing American workers,” said Cathy Marasco, vice president of Protected Retirement for Nationwide Retirement Solutions. “As Nationwide works to drive awareness of the powerful role protected retirement solutions can play for retirement savers, Micruity’s infrastructure will help us make them scalable, portable, and accessible across the workplace savings system.”
About Micruity
Micruity is the infrastructure company powering the next generation of retirement income solutions. Through a unified data, connectivity, and administration layer, Micruity enables recordkeepers, asset managers, and insurers to deliver lifetime income, income-enabled TDFs, and Secure 2.0–aligned capabilities at scale. Micruity partners with leading financial institutions to help millions of savers build reliable income throughout retirement. Learn more at micruity.com.
About Rebalance Capital
Rebalance Capital invests in the future of work and wealth — for all. The firm backs Series A and B B2B FinTech and WorkforceTech companies that address the $4 trillion overlooked opportunity of low- and middle-income households and SMBs. Rebalance is a trusted source of innovation to 1-in-4 Global Systemically Important Financial Institutions and 1-in-10 Fortune 100 employers. Learn more at rebalancecap.com.
About Nationwide Ventures
Nationwide Ventures is the venture capital arm of Nationwide, investing in companies that support Nationwide’s mission to deliver leading financial services solutions to protect people, business, and futures with extraordinary care. Nationwide Ventures partners with leading entrepreneurs building technologies to support that mission and vision. Learn more at Nationwide.com and Nationwide.com/ventures.
Media Contact
Trevor Gary
press@micruity.com
