Investor-owned asset management firm and creator of the first retail index fund.
“Vanguard agreed to acquire...Altruist for about $4 billion — more than double the startup's $1.9 billion valuation last year.”
Source→“Vanguard agreed to acquire Altruist...The deal values Altruist at about $4 billion.”
Source→“While $4.6B sounds like a strong VC outcome, the company raised at a $1.9B valuation "in early 2025" — meaning Vanguard paid roughly 2.4x the last round price within roughly 18 months.”
AI-extracted from podcast / newsletter / paper summaries. May contain errors.