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UK Retirement Platform Smart Nabs £165M Funding Round

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Law360 (June 28, 2021, 7:50 PM EDT) — U.K. retirement savings platform Smart said Monday it raised £165 million ($229 million) in a Series D funding round that will go toward Smart’s international growth.

Smart offers a technology platform for retirement savings to employers and governments. Its Smart Pension Master Trust is one of the top four auto-enrollment master trusts in the U.K., and Smart has partnered with Bank of Ireland’s insurance arm as well as Swiss insurer Zurich Insurance Group Ltd. and the Dubai International Financial Centre, according to the announcement.

The latest funds will go toward expanding Smart’s presence in the U.K., U.S., Australia and the Middle…