DWS joins Smart’s £165 million Series D round

DWS joins Smart’s £165 million Series D round

Source: Smart

Smart, the fast growing global retirement technology provider, has announced that DWS Group (“DWS”) has joined its £165m series D funding round, acquiring a minority stake. This follows the recent announcement that Chrysalis Investments has joined Smart’s prestigious list of investors.

The investment from DWS, one of the world’s leading asset managers with €859bn AUM, known for its excellence in Europe, the Americas and Asia, further cements Smart's position as a major disruptor in the global retirement technology sector, delivering better outcomes for savers as they move toward retirement and beyond. Smart's technology powers their own captive master trust, one of the “big four” UK auto enrolment master trusts, as well as partnering with major financial institutions internationally including Zurich in Dubai, and New Ireland Assurance in Ireland.

Existing investors include Chrysalis Investments (whose portfolio of 12 businesses includes Wise and Starling Bank), Barclays, J.P. Morgan, Legal & General Investment Management, Link Group and Natixis Investment